Why Is The Shale Industry Still Not Profitable?

Green Car Congress
By mmillikinJan 31, 2018, 3:30 am203 pts
By Nick Cunningham of Oilprice.com Echoing the criticism of too much hype surrounding US shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing “irrational production.”…

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