Ms McLean's article was total BS: Read this

[dan_s]

A recent New York Times op-ed suggests the United States’ newfound energy abundance will be short-lived based on the notion that surging tight oil development is not economically sustainable.

Penned by Bethany McLean, author of the soon-to-be-released book “Saudi America: The Truth About Fracking and How It’s Changing the World,” the piece’s hyperbolic headlines claim that, “The Next Financial Crisis Lurks Underground” and that “Fueled by debt and years of easy credit, America’s energy boom is on shaky footing.”

But as several third-party experts have pointed out on social media since the op-ed was published, a close analysis of the piece reveals McLean’s “shale bubble” narrative is premised on outdated data that in no way reflects the financial stability established in the shale industry since OPEC ended its failed price war two years ago. Furthermore, the authors’ contradictory statements lauding the industry’s resilience and ability to improve efficiency undermine her core argument completely.

Here is a look at the most egregious claims made in the piece, followed by the facts.

https://www.energyindepth.org/contradic ... -data/?154

All of our Sweet 16 are profitable companies.
As I pointed out in my Sept 8 podcast, Growth Companies outspending their cash flow from operations to significantly increase production and prove up their leasehold is not a bad thing. By doing so, they are rapidly increasing the value of their equity.

[dan_s]

Bethany McLean is just trying to make money by selling a controversial book. Just Google her.