Five Years After Crude’s Collapse, Shale Patch Still Struggles
- Energy makes up 5% of the S&P 500 Index, versus 11% in 2014
- Shareholders questioning profitability of shale drilling
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It’s been five years since crude started a precipitous drop that eventually saw it hit a low of $26 a barrel. While prices have recovered some of the lost ground, shale producers are still feeling the pain.