The Real Reason Oil & Gas Companies are Going Bankrupt: Financing Fracking Projects Became a Ponzi Scheme

Jon Blogosphere, Economy, Energy, Market Commentary

The reason oil companies have gone bankrupt over the past few years is not due to ‘historically low oil and natural gas prices’ as stated in this article.
Here is a long term inflation adjusted price chart:

This post was published at Wolf Street By Dave Forest, Oilprice.com ‘ September 26, 2016.