3JAW-DROPPING FACTS

MORE BAD NEWS IN THE OIL SECTOR

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The risks that threaten economic growth at home and abroad

3 jaw-dropping facts that spell out more bad news in the oil sector

The biggest culprit behind oil’s 40%-plus price tumble

HIDDEN THREAT

Many economists andanalysts are praising low oil prices as an

overall net positive for the economy, but they are overlooking a

A big portion of job growth over the last few years has been thanks to the developments and advancements in hydraulic fracturing and shale plays. Not just in the U.S., but on a global level as well.

However…

Last year, the energy and materials sectors accountedfor 42% of global corporate capital expenditures(CAPEX) according to S&P’s 2014 Global Capex Survey.

As oil and gas companiescontinue to slash theirCAPEX budgets, otherbusinesses and jobs willbe negatively affected.

And it isn’t just CAPEX risk. There’s

more bad news in the oil market.

Here are three jaw-dropping facts…

Hundreds of Millions of Dollars’ Worth of Projects Are Getting Axed.

ConocoPhillips said its capital budget for 2015 would drop 20% to $13.5 billion.

Precision Drilling Corp. said that it will chop its 2015 capital budget by 44% to $493 million.

Vermilion Energy plans to cut 22% from its 2015 capital budget. Its new plan will cost $525 million.

We've already seen oil companies start to cut back their exploration and development budgets...

Those are just three examples...

Already, more than $150 billion in worldwide exploration and development projects has been slashed.

Energy Companies are Loaded With Debt.

This chart shows the growing participation of oil and gas companies in junk-bond issuance. Companies have tripled their junk-bond issues. Many energy companies took on this debt because they thought oil prices would stay high and they would be able to make their debt payments.

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and OPEC haven’t decreased their gasproduction. In fact, they have increased it. Lastmonth, OPEC’s production hit 30.63 million barrelsper day (bpd), up nearly 2% from January and itshighest level since October. Most of this came fromIraq. And even though U.S. rig count is dropping,production is remaining high as better quality rigsstay on line and boost production.

OPEC Oil Production is Rising.

That’s a setup for more downward pressure on oil prices.

Despite U.S.-based oil companies slashing rig counts 52.8% over the last five months, Saudi Arabia

Oil prices have tanked over 40% since September 2014.

The biggest culprit?

“Saudi Arabia and OPEC may have just launched an Oil War,”according to one award-winning journalist.

In the words of an ex-CIA director,

“Unless we do something… We will be in the hands of OPEC for a long time.”

SAUDI ARABIA.

Are we heading for an oil war?

HERE’S WHAT YOU MUST DO TO PROTECT

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