Oil price plunge threatens shale revolution

Posted by Agence France-Presse: Julien Dury on January 26th, 2016
Agence France-Presse: Producers of oil and gas from once hard-to-tap shale deposits are now facing the payback of the energy revolution they wrought: ultra-low prices forcing them out of business. This year is expected to be a make-or-break year for US shale producers, after the 70 percent plunge in crude prices, with many at risk of failure. Dozens of shale drillers sought bankruptcy protection in the last year as low oil prices made their operations uncompetitive and they could not pay debts. But many are holding......

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