Time Is Running Out on U.S. Frackers

While a U.S. oil production decline is inevitable, most of the industry will survive a harsh 2016.

Shale shake-out still to come

Photographer: Rachel Woolf

The U.S. shale oil industry is in retreat, but it will largely survive next year, and its production decline will not be catastrophic enough for oil prices to shoot up. Scarier things probably await U.S. frackers in 2017.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.