The Traderszone Network

Published in TZ Latest News 28 May, 2014 by The TZ Newswire Staff

Shale Boom Goes Bust As Costs Soar

“Traditionally we’ve been a financially conservative company,” explains one fracking company, warning that “we’ve become more leveraged than we historically have been and we’ve become uncomfortable with that.” This is the growing message from a shale boom that, as Bloomberg reports, is facing a shakeout as drillers struggle to keep pace with the relentless spending needed to get oil and gas out of the ground.

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