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Link to bloomberg.com

Fracking Profits Finally Blossoming After Decade of Steep Losses 

From 2020 to the end of the second quarter, they’ll have reaped more than $85 billion, according to estimates, and the gains are forecast to continue at least through the rest of this year.

It’s a vindication of the sector’s new business model that prizes profits over production growth. For consumers, it’s a sign that shale is no longer willing to fund money-losing drilling projects that ensured years of ample crude and natural gas supplies.

Source: Bloomberg