Remember the dotcom bubble around 2000? It was the great dying of internet companies and some predicted that internet-based business would be a forever laggard. Amazon was still a loss-making oddity. Fast forward today – the internet is not only thriving but it puts a stake in the heart of high street business. Shale needs to shed its sick layer – the companies that cannot be saved in order to concentrate on those that can thrive. And that’s just what happens.
Recent bankruptcies affecting shale companies does not indicate future doom for the industry, according to Rystad Energy.