Agree that housing was a missed bubble, but disagree that fracking shouldn’t be considered a bubble. Fracking certainly is a technology, but the author is usin

Agree that housing was a missed bubble, but disagree that fracking shouldn’t be considered a bubble. Fracking certainly is a technology, but the author is using the word to describe the very real market bubble that popped in 2016-2017. It wasn’t as apparent in the public markets (and it is no surprise why you may not have noticed it) but several private operators spent far in excess of generated cash flow, ran out of cash and defaulted. In turn, many of their private equity sponsors blew up or left the space.