- Joined
- Jan 28, 2012
- Messages
- 16,386
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- Independent
'With crude at $75 a barrel, the price Goldman Sachs Group Inc. says will be the average in the first three months of next year, 19 U.S. shale regions are no longer profitable, according to data compiled by Bloomberg New Energy Finance.'
Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg
Shale Profits at Risk - Bloomberg
I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.
Oil at $75 Means Patches of Texas Shale Turn Unprofitable - Bloomberg
Shale Profits at Risk - Bloomberg
I (and others) have said for a while that shale oil is not the dream solution that the media is making it out to be.