Bankruptcies in the U.S. shale patch are rising

Will U.S. Shale Survive If Oil Hits $40?

By Oilprice.com -- Irina Slav—— Bio and Archives--May 28, 2020

Global Warming-Energy-Environment | Comments | Back To Full Article

Within a month, the U.S. oil benchmark West Texas Intermediate recorded two first-of-a-kind events. First, it fell below zero on April 20. Then, it soared up so high it is about to book its best month ever, CNBC's Pippa Stevens noted in a recent commentary. Still, many analysts and other observers remain wary of any premature optimism. They have a good reason to be.

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