Despite Bankruptcies, US Shale is Not Doomed
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.
