Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall

Jan 18, 2016 | Economic Impacts, Natural Gas, Politics of energy

The American shale industry needs oil at about the sixty to seventy dollar a barrel level in order to survive. Photo credit: Los Angeles Times

The American shale industry needs oil at about the 60 to 70 dollar a barrel level in order to survive. Photo credit: Los Angeles Times

 

The oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. The American shale industry

Source: Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall

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