For years now we've been covering the false promise of the American shale oil "miracle".
Yes, it has extracted a lot more oil out of American soil that most thought possible. But at an economic loss. And at great environmental cost.
If the shale drilling companies can't make any profit, either when oil prices are high or low -- why are we still pursuing shale deposits so aggressively?
from Peak Prosperity https://ift.tt/2tMFKam
