'$500 billion in capital destroyed': How the US shale industry vaporized money even before the pandemic struck — and why the market meltdown is only hastening its decline, according to a top investor

'$500 billion in capital destroyed': How the US shale industry vaporized money even before the pandemic struck — and why the market meltdown is only hastening its decline, according to a top investor

Business Insider

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· The US shale oil industry is rapidly shrinking, and dozens of companies face bankruptcies in the months and years ahead. 
· But the coronavirus pandemic isn't entirely to blame. The shale industry started slipping years before oil markets tanked, as producers accrued debt and failed to deliver strong returns.
· That's...

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