Fracking Frenzy: Profits and Pitfalls

This chapter examines the fracking industry's financial dilemmas amidst the backdrop of increasing U.S. oil production that remains unprofitable. It discusses the pressures from capital markets and private equity investments as they navigate a tumultuous oil market exacerbated by external price wars. Additionally, the chapter highlights the environmental impact and the shifting landscape towards renewable energy, reflecting on the broader implications of these dynamics on society and geopolitics.