Replies to post #8288 on PEAK OIL - EPOCHAL EVENT OF OUR LIVES

[sumisu]

Peak Shale: Is the US Fracking Industry Already in Decline?

By Justin Mikulka, originally published by DeSmog Blog

October 31, 2018

"In 2016, lower oil prices led to an overall drop in production for shale companies, which use horizontal drilling and fracking to extract oil and gas from shale formations such as the Marcellus and Permian. This was one of the few relatively positive financial periods for an industry plagued by high costs and low returns (although it still lost money in 2016)."

https://www.resilience.org/stories/2018-10-31/peak-shale-is-the-us-fracking-industry-already-in-decline/