U.S. oil and gas
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Jun 9, 2020 by Bethany McLean · across every show →
Everything said about U.S. oil and gas, oldest first
Jun 9, 2020 bearish
McLean: Fracking is financially unviable due to steep year-one well decline
“A fracked well declines really sharply after the first year, which means in order to keep production levels up, you have to keep reinvesting. So you're on this capital treadmill, and that's why the industry has not been financially viable, because you have to …”