Frackers Arise From Oil-Price Rout on a Course to Dominate 2018

This is a scary article, as Bloomberg states that 2018 could see a huge increase in fracking, due to market forces. Less than two weeks in, 2018 is shaping up to be the year of the fracker. The world’s two biggest oilfield service providers, Schlumberger Ltd. and Baker Hughes, are the best performers in the Standard & Poor’s 500 Energy Index this year. Even smaller rivals are cashing in on investor enthusiasm over a 50 percent rise in oil prices since late June.

 

Comments are closed.