Professor Elam

Tuesday Oct 22 2019

SLB took a $12..7 billion impairment charge on its fracking operation.

I mentioned in class that important lows in markets were accompanied by gloom and doom articles. Here is another example of just that.

At the same time Liz Warren declares she will ban fracking her first day as President. A consulting firm suggests this will result in soaring natural gas,oil, and gasoline prices.

Stay tuned.