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As I predicted, we are starting to see fall of oil companies in US. Tariffs on foreign oil are badly needed, however our corrupt president and congress are doing nothing to protect the US industries

WBH Energy, shale oil company in TX filed for bankruptcy today. Sadly, I believe that many other companies will follow. As I explained previously, Saudi Arabia enjoys the lowest cost of oil production at $17 per barrel. On the other hand, 70% of the US shale companies lose money if the cost of oil goes […]

Results of anti-American policies of the US Congress and Presidents of the last 20 years: the only booming US industry, shale oil, fracking is seeing some 40% drop in investment, while Communist China, propped by the US investment, is bailing out Communist Venezuela and hedging Russia’s losses

In the past 20 years US Presidents and US Congress led the most anti-American policies of the US history.  Their actions were motivated by the desire to give maximum profits for the international oligarchs, billionaires, who bought elections for our politicians, and to get sizable kickbacks. These policies included WTO-GATT and NAFTA, signed by Clinton, […]