Publications: Notes at the Margin

US Frackers at Risk (September 8, 2020)


Low oil prices, the COVID-19 impacts, and the bungling Trump administration threaten fracking in the United States. Persistent low prices are sapping the remaining strength of the independents operating in key producing areas. Meanwhile, the investor shunning of the entire oil industry complicates decisions by firms that might otherwise consider acquiring the financially desperate smaller companies. Lastly, the Department of Energy's support for the Keystone XL pipeline may drive the final nail into the business. Surprisingly, independent producers, particularly those run by key Trump backers, fail to understand that, with the pipeline’s completion, they are being sacrificed to benefit Canadian oil companies.


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