Friday, 9 January 2015

97% of shale oil activity now operating at a loss at current oil prices

If the Saudis wanted to hamper US fracking activity they are certainly doing a good job.

Admittedly we are talkign oil here but those who study these pages assiduously will know that it is all part and parcel of the same apalling ( ie fossil fuel extraction ) thing.

Read the report here: http://www.alternet.org/economy/97-fracking-now-operating-loss-current-oil-prices

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