Fracking Industry Likely to Crash Due to OPEC Decision to Keep Oil Production High

Increased production by the U.S. oil industry and a recent decision by the Organization of Petroleum Exporting Countries to maintain current levels of production could result in a crash in the domestic shale oil industry. A glut of oil, resulting in a drop in market prices, might make investment in new fracking operations unprofitable, energy industry insiders say .... http://www.alternet.org