Frackers is a silly term. Hydraulic Fracturing has been done for decades and is performed on traditional wells in addition to tight formations like shale. The companies that do the hydraulic fracturing are not the companies producing the oil. HydroFracs are done by contractors, just like the drilling itself.
We still have production in shale fields. We still have some new drilling but not enough to keep up with naturally falling production.
We won’t stop producing oil. We will have some companies go bankrupt; particularly those that tried to grow to fast by taking on too much debt.
Thank you for the info. I feel bad about the bullish investors.
Then again, bullish enough to borrow deeply when BO aka ‘0’ aka ‘Goose Egg’ is president? Hm ....