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norbertus t1_jcn1bje wrote

If so, then fracking will not be the key to American energy independence.


rileyoneill t1_jco5f9j wrote

Fracking as what we did in the past, Solar, Wind, and Battery are dominating new investment and will be displacing fossil fuels. We will soon hit a critical adoption in electric transportation where the overall oil used for miles every year is declining consistently every year. Meaning, not only do we have all the oil infrastructure we will ever need in North America, but we actually have too much. All of our oil infrastructure will produce more oil than we need and prices will crash as a glut is built up.

When investors can no longer make money investing into oil the entire industry will go into trauma mode.