McLean: Fracking is financially unviable due to steep year-one well decline
Bethany McLean · #85 Bethany McLean: Crafting a Narrative · Jun 9, 2020 · at 1:18:59
Investigative journalist Bethany McLean explains the underlying economic and geologic mechanics that prevent the U.S. fracking industry from generating sustainable financial returns.
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“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 keep reinvesting billions of dollars in order to keep production growing.”
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