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Fracking Boom Bursts in Face of Low Oil Prices

2015-09-15 19:01:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: The oil cartel, OPEC, has confirmed what has been obvious to many for months: U.S. shale production is in deep, deep trouble as the fracking boom bursts in the face of low oil prices. The cartel published its latest monthly oil market report yesterday revealing that it believes it is winning the price war it started with the U.S. shale industry. The report is seen as a must-read for people within the oil industry. In North America, there are signs that U.S. production has started to respond...

Tags: low prices face oil

Category:Electronics and Electrical

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