The biggest wave yet of U.S. oil defaults is starting now…

Crux note: Today, we’re continuing our on-going coverage of what Stansberry Research founder Porter Stansberry calls “the greatest legal wealth transfer in history.” Regular readers know the story…

Porter has been predicting that the debt-fueled bubble in U.S. oil and gas is going to roil credit markets and create a contagion that will effect stocks, bonds… and even the U.S. economy. So far, everything is playing out just as predicted. As Bloomberg reported today, the “period of vast credit defaults” Porter has been warning readers about in the oil and gas sector is just getting started…

From Bloomberg:

In less than a month, the U.S. oil bust could claim two of its biggest victims yet.

Energy XXI Ltd. and SandRidge Energy Inc., oil and gas drillers with a combined $7.6 billion of debt, didn’t pay interest on their bonds last week. They have until the middle of next month to either pay…

admin

admin

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<