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Low Oil Prices Pose Threat to Texas Fracking Bonanza – The New York Times

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Earlier today…

Record production in the United States, along with a drilling frenzy in Iraq and Saudi Arabia, as well as the prospect that Iranian oil will again flood world markets, have spooked traders into abandoning their positions. What’s more, the very productivity here in the heart of the Eagle Ford shale fields, and the efforts by the oil companies to make them increasingly efficient, are contributing to the glut as well.

Via:
Low Oil Prices Pose Threat to Texas Fracking Bonanza – The New York Times
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