How Wall Street Enabled the Fracking 'Revolution' That's Losing Billions

DeSmogBlog
By Justin MikulkaMay 4, 2018, 1:34 pm226 pts
The U.S. shale oil industry hailed as a “revolution” has burned through a quarter trillion dollars more than it has brought in over the last decade. It has been a money-losing endeavor of epic proportions. In September 2016, the financial ratings service Moody’s released a report on U.S. oil companies,…

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