19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80″

Jon Alternative Media, Blogosphere, Economy, Energy, Market Commentary

Despite the constant blather that lower oil prices are “unequivocally good” for America, we suspect companies working and people living these 19 Shale regions will have a different perspective…
Drilling for oil in 19 shale regions loses money at $75 a barrel, according to calculations by Bloomberg New Energy Finance. Those areas pumped about 413,000 barrels a day, according to the latest data available from Drillinginfo Inc. and company presentations.

This post was published at Zero Hedge on 11/26/2014.