Follow The Money: The Collapse Of Shale Oil

Already, some $200 billion of projects,
. . . have been either axed or deferred,
. . . mostly because they cannot compete on costs.

But, the collapse of the shale oil industry in the US,
. . . might give an insight into,
. . . what a mass flight of capital might look like,
. . . when it decides that the fossil fuel industry is coming to an end.

The shale oil industry, saw the number of rigs drop 30%,
. . . mostly in the last 5 weeks.
From its peak of 1,609 on October 10 last year,
. . . the Baker Hughes rig count has now fallen by 469,
. . . to stand at 1,140.

02-11-2015 Source:  Follow the Money: The collapse of shale oil