THE GREAT U.S. ENERGY DEBT WALL: It's Going To Get Very Ugly...

``As we can see, the outstanding debt (in bonds) will jump to $110 billion in 2018, $155 billion in 2019, and then skyrocket to $230 billion in 2020.  This is extremely bad news because it takes oil profits to pay down debt.  Right now, very few oil and gas companies are making decent profits or free cash flow.  Those that are, have been cutting their capital expenditures substantially in order to turn negative free cash flow into positive. Unfortunately, it still won't be enough... not by a long-shot. If we use some simple math, we can plainly see the U.S. oil industry will never be able to pay back the majority of its debt...''