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The Fracking Revolution Has Been 'A Disaster' for Drillers, Investors
- draw_down 7y agoThat’s a shame.
- bediger4000 7y agoI'm confused. Isn't this sort of how free markets are supposed to work? Prices of some good in a competitive market should sink to the marginal cost of production. If a firm makes super bad decisions about how much to produce or what price consumers will pay for that good, they're supposed to go out of business, leaving behind smarter, scrappier firms. It seems like this article is hinting around forming a cartel or doing some regulatory capture to ensure that all investors get some money, and all drillers stay in business. I mean, it never comes out and says that, but almost.