As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?
The boom that helped make the U.S. the world's largest oil producer could be ending. Oil prices are down amid weak demand and investors no longer seem willing to write the industry a blank check.
The shale oil boom that catapulted the U.S. into the world's largest oil producer may be going bust. As oil prices drop amid weakening demand, bankruptcies and layoffs are up and drilling is down, signs of a crisis that's quietly roiling the industry.
Some of the most successful companies in the oil business are household names — think Exxon Mobil or Chevron. But the boom in shale drilling has been driven
