Sometimes I just want to dump a bucket of cold water on the rhetorical head of Wall Street Journal writers who obstinately refuse to report on the fact that overall, the U.S. Shale Oil industry has so far been a money losing scheme.
I'm very much pro-Oil & Gas. But my issue with U.S. Shale Oil industry is that so far, for the most part, it is a debt scheme, financed by next-to-zero-interest "free money" loans, and the industry burns more cash than it gets. Kinda like Tesla. So in thi