Shale's Running Out of Survival Tricks as OPEC Ramps Up Pressure
- U.S. oil production set to fall by record in 2016, EIA says
- 'Limited scope' for further output cost reductions: SocGen
Oil's Assault on S&P 500 Earnings
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In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a-barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology to squeeze all the oil they could out of every well.