Forbes: Shale paralysis grips the US
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The American shale industry is currently facing economic, investment and political challenges.
Forbes columnist Dan Eberhart said the US shale industry is currently facing economic, investment and political challenges. This is due to the fact that the industry is plunging into a “close to paralysis” state.
America’s great shale machine is now up against a wall, he said. The pace of drilling and production by hydraulic fracturing has ceased to increase.
“A number of producers are warning that US production growth will be much lower than expected,” the author notes.
He clarified that this is very bad news for the oil markets, where there is currently a shortage of supply.
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