With all the hype around American “energy independence” in recent years, few in mainstream energy circles have dared call-out the underlying exposure and structural weakness of the unconventional oil and gas industry – which must guarantee a certain price per unit or barrel in order for producers to turn a profit. At these present levels, the industry is heading for a collapse.
— Read on 21stcenturywire.com/2020/03/12/joint-russia-saudi-oil-price-move-could-crush-a-fragile-fracking-industry-in-u-s/