The shale boom is over, but not the financial fallout. From Wolf Richter at wolfstreet.com: Texas at the epicenter. We’re witnessing the destruction of money that loosey-goosey monetary policies encouraged. Following the sharp re-drop in oil and natural gas prices in late 2018, bankruptcy filings in the US by already weakened exploration and production companies […]

via The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares, by Wolf Richter — STRAIGHT LINE LOGIC