Why Is The Shale Industry Still Not Profitable?
Green Car Congress
JANUARY 31, 2018
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.”. That makes it much less attractive to lock in future production.
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