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Could falling oil prices spark a financial crisis? : Comments
By Nicholas Cunningham, published 8/12/2014Hundreds of billions of dollars have also come from junk-bond investors looking for high returns.
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The number of lease drilling approvals for fracking sites has fallen
by 40% from October to November.
Because drilling has to be continuous to keep production level then a
decline in tight oil production of 40% is inevitable.
That of course implies no further reduction in drilling in December.
As many said the fracking drilling always was a Ponzi scheme.