The Implosion of Shale-Oil Fracking Boom

ThereAreNoSunglasses

That low rumble you hear to the west is the sound of the Bakken Shale Oil Bust. Bomb Trains and all.  First shale gas went from fracking boom to fracking bust. Now it’s shale oil’s turn to get fracked. Below about $75 a barrel, most US shale oil becomes unprofitable on a fully burdened basis. And oil is now at $70 bbl. That dog no hunt.

Look on the sunny side – the frackers will have to shut in those shale oil wells – and stop lighting the heavens with gas flares. And fewer neighborhoods will get torched by Shale Oil Terror Trains. As shale oil production is shut in, gas supplies from those fields will drop, which should boost natural gas prices a bit near the oil fields.

Take that Frackers !

Note, this recent…

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