Chesapeake's Financial Situation Is Typical for the Shale Industry

The fracking industry has not produced a return on capital in excess of the cost of capital since its inception. Greg Rogers, who specializes in climate change and other liability accounting for the energy industry, says Chesapeake's financial situation is pretty typical for the shale industry as a whole. "It's hard to think of any other industry that's been bailed out in spite of performing badly," Rogers says.