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The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled 0 billion in net negative cash flow, wrote down another 0 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte. The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the industry in the aggregate,”.… OilpriceU.S. Shale Has Lost 0 Billion In 15 Years Nick CunninghamAlso at OilpriceU.S. LNG Exports Crash By More Than 50% Charles Kennedy
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The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled 0 billion in net negative cash flow, wrote down another 0 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte. The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the industry in the aggregate,”.… OilpriceU.S. Shale Has Lost 0 Billion In 15 Years Nick CunninghamAlso at OilpriceU.S. LNG Exports Crash By More Than 50% Charles Kennedy
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The U.S. shale industry peaked without ever making money. Over the past decade and a half, the shale industry totaled $300 billion in net negative cash flow, wrote down another $450 billion in invested capital, and saw more than 190 bankruptcies since 2010, according to a new report from Deloitte. The U.S. shale industry more than doubled oil production over the past half-decade, a phenomenal increase in output. But “the reality is that the shale boom peaked without making money for the industry in the aggregate,”.…Oilprice
U.S. Shale Has Lost $300 Billion In 15 Years
Nick Cunningham
Also at Oilprice
U.S. LNG Exports Crash By More Than 50%
Charles Kennedy