Liam Denning, Columnist

Tesla’s Hot Summer Looks Like the Fracking Boom

Both share a revolutionary story, shaky profits and regular capital-raising. That didn’t end well for frackers.

September 14, 2020 at 11:00 AM UTC

Liam Denning is a Bloomberg Opinion columnist covering energy. A former banker, he edited the Wall Street Journal’s Heard on the Street column and wrote the Financial Times’s Lex column.

The future is hazy.
Photographer: Spencer Platt/Getty Images North America

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The end of summer was like some Hollywood take on the end of the oil age. Except these things actually happened:

So it’s all based on a true story. But it’s worth fleshing out the full story. Even in the energy transition, some things don’t change.