Fracked Up

From oilprice.com

U.S. Shale Has Lost $300 Billion In 15 Years

“The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled $300 billion in net negative cash flow, wrote down another $450 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte.”

 

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