Anadarko’s Al Walker Says US Shale Is An Alcoholic And Investors Are ‘A Problem’

Anadarko’s Al Walker Says US Shale Is An Alcoholic And Investors Are ‘A Problem’

Just this morning, in "'The Clock May Stop Ticking': Oil Price Rout Bites As HY Energy Issuance Plunges," we noted that the downturn in crude prices (which, if this week was any indication, has morphed into a full-blown crisis of confidence) has finally caught up to the credit market, as HY Energy issuance flatlined in June: The problem with US production is that it has effectively been subsidized by the easy money regime. With rates perpetually suppressed and the attendant hunt for yield on
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5 thoughts on “Anadarko’s Al Walker Says US Shale Is An Alcoholic And Investors Are ‘A Problem’

  1. Yep, it’s your fault for giving me all this cheap money. Seriously, this isn’t rocket science, you have to MAKE $$$$$$$$$$$ to stay in BID’ness. What could possibly go wrong as the Street again rewards failure not PROFITS.

  2. This may not be true just for oil stocks. If we think about what cheap money from Wall Street and Fed policy have done to asset prices in general, maybe we should be scared to invest in almost any corporation.

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