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Shale Boom, Shale Bust: The Myth of Saudi America by [Dicker, Dan]
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Shale Boom, Shale Bust: The Myth of Saudi America Kindle Edition

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Length: 124 pages Word Wise: Enabled Enhanced Typesetting: Enabled
Page Flip: Enabled Language: English

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Product Description

Just about everyone has heard something about the ‘revolution’ in shale oil. Hydraulic fracturing (fracking) of rock formations unique to the United States offers the promise of cheap and abundant energy, terrific economic growth and jobs – lots of jobs. But in 2014, something went terribly wrong with this rosy scenario of “Saudi America”: An unexpected collapse in the price of oil that’s bankrupting the oil patch, destroying jobs and threatening any plans of a renewable energy future.

What happened? Why has this miracle ‘revolution’ generated so many losers and so few winners? Why isn’t the United States any closer to energy independence than it was before oil from shale was even imagined? What can be done to put the markets and the industry right so that shale can deliver on even some of what’s been promised?

Dan Dicker had more than 20 years’ experience on the floor of the New York Mercantile Exchange, where he traded crude oil, natural gas, unleaded gasoline, and heating oil futures contracts for his own accounts. His previous book, Oil’s Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy, was published by John Wiley & Sons in 2011 and was named one of that year’s Best Business Books by both Bloomberg BusinessWeek and Library Journal.
Dan is currently President and partner of MercBloc LLC, a wealth management firm, as well as a senior contributor at Jim Cramer’s, where he writes on energy markets and investing in the energy space. He has lent his expertise as an oil markets analyst in hundreds of live radio and television broadcasts on CNBC, Bloomberg, MSNBC, CNN, NBC Nightly News, CNN and Yahoo Finance among others. Dan lives with his wife and family in New York.

Product details

  • Format: Kindle Edition
  • File Size: 4653 KB
  • Print Length: 124 pages
  • Page Numbers Source ISBN: 0996489703
  • Simultaneous Device Usage: Unlimited
  • Publisher: Dan Dicker (8 June 2015)
  • Sold by: Amazon Australia Services, Inc.
  • Language: English
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Enabled
  • Screen Reader: Supported
  • Enhanced Typesetting: Enabled
  • Average Customer Review: Be the first to review this item
  • Amazon Bestsellers Rank: #133,236 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Most Helpful Customer Reviews on (beta) (May include reviews from Early Reviewer Rewards Program) 4.6 out of 5 stars 44 reviews
1 of 1 people found the following review helpful
4.0 out of 5 stars To get an insight on shale story, it's must read. 8 February 2016
By Kim - Published on
Format: Kindle Edition Verified Purchase
As oil price goes down to $30 level, I thought the opportunity came. But I realized it's bit complicated than I thought. The author emphasized the dynamics oil than than merely pointing out the fundamental.
To keep oil price afloat, according to him, the market needs the marketing force catering to the institutions which have no physical relation with oil, in that case, Investment Bank. As we know, the investment bank shut down their oil prop trading businesses because of the strict capital requirement. That's why, he said, the price much deviates from the fundamental.
But that does not mean the fundamental of shale companies is OK, but quite opposite. The shale players are burdened with high break-even price, prone not just to the market price swing, but to Saudi's ruthless attack. And the vultures - mega oil companies, PE - are waiting for the weakest antelope to die.
Meanwhile, in the last chapter, he offered the analytic frame to pick oil related stocks to play the next oil boom. Let me spare the specifics here, I gonna say, it's worth to read.
Although I don't know why the renewable energy comes out in the later chapter - that's why I gave 4, not 5 -, I don't think it tarnishes the whole point of the book. So if you want dip into your toe in oil play, please, get into this book.
1 of 1 people found the following review helpful
5.0 out of 5 stars The Go-To Book for Understanding The Current Oil Market 2 October 2015
By 44Runner - Published on
Format: Kindle Edition Verified Purchase
This is the must read book if you want to understand the recent ups and downs of the oil market and particularly how the promise of American shale oil is not likely to result in energy independence for the USA. Dicker digs into the factors that kept oil near $100/bbl (a premise he covered thoroughly in his earlier book, Oil's Endless Bid: Taming the Unreliable Price of Oil to Secure Our Economy) and how these have changed since 2014. He then outlines a potential future for the American oil industry, reviews the economics and political forces impacting oil pricing, and finally provides some potential investments to consider when the price of oil inevitably recovers. Dicker provides a comprehensive portrait of global oil in a concise format that is eminently readable.
1 of 1 people found the following review helpful
5.0 out of 5 stars Learn the Reality of the Potential Magnitude of the Coming Swing in the Crude Market Cycle 18 July 2015
By Gamesjr - Published on
Verified Purchase
'Shale Boom, Shale Bust: The Myth of Saudi America' is a must read for anyone in America connected in any way, either as a passive investor or as an active operator, with the business of drilling and producing oil and gas. Dan Dicker tells it like it is. I've put my money on learning in the next 6-9 months just how right Dan is in 'Shale Boom, Shale Bust' . We'll see larger declines in production and a higher spike in crude prices and the next boom will begin. I'll be the first to thank Dan Dicker for being the first to let us know of the potential magnitude of the cycle swings that lie ahead in the crude market in this fascinating oil business.
1 of 1 people found the following review helpful
5.0 out of 5 stars Great Book - Shale Boom, Shale Bust: The Myth of Saudi America 28 August 2015
By JJ2 - Published on
Format: Kindle Edition Verified Purchase
Best book on the Oil industry I have ever read, including any online source. The information is clearly presented and very relevant to any oil environment. I have used the info in this book to help formulate my investment strategy in oil. Great companion to "Oil's Endless Bid". Knowing this information really helps to sift through the endless pundits opining on oil's ups and downs.

Even though this book does include an addendum on investment ideas, read and understand the information in the book and develop your own investment plan in oil.
5.0 out of 5 stars Another hit from Dan D. 5 November 2016
By Christian - Published on
Format: Kindle Edition Verified Purchase
This book puts the recent decline in WTI prices in perspective. It also lifts the curtain of "Saudi America" to expose the truth about the shale oil revolution in the US.

I strongly recommend this for both traders and passive investors.

It's important to have an understanding of the dynamics of US shale resources. After reading this, I feel I am much more well equipped to make investing and trading decisions.

Thanks for writing this book, Dan. I truly appreciate it!