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BTW - Fracking has NEVER been profitable. It is just the losers are the debt holding in companies. And for the same reasons, VCs keep subsidising lost making c
by aussiegreenie 7y ago
BTW - Fracking has NEVER been profitable. It is just the losers are the debt holding in companies. And for the same reasons, VCs keep subsidising lost making companies (WeWork / Lyft etc). "We lose money on every sale but we make it up on volume" Bondholders have lost about a hundred Billion. It is crazy but frackers keep get capital effectively for free.