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After blowing $397b, US shale finally makes money – The Australian Financial Review

After years of booms and busts that produced astronomical losses along with a whole lot of oil, the fracking industry seems to…

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Its a turnaround from the early days of the shale revolution a decade ago, when new horizontal drilling and hydraulic fracturing techniques unlocked vast oceans of crude from rock previously considered impermeable, loosening the OPEC cartels grip on global…

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