9.18.2016

The end of the dot frack boom?

The curse behind cheap gas in the US

Business Insider

President Obama graciously thanked himself for cheap gasoline at a rally in Philadelphia for Hillary Clinton on Tuesday. … 

According to law firm Haynes and Boone, between January 2015 and July 2016 there were 90 bankruptcies in the U.S. oil and gas sector. A recent report from Debtwire warned that another 135 energy companies are at risk of going under, with their debt load in some cases reaching as much as $14 billion.

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