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Plummeting oil price casts shadow over fracking future

2015-01-06 12:31:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Theres no doubt that US-based fracking the process through which oil and gas deposits are blasted from shale deposits deep underground has caused a revolution in worldwide energy supplies. Yet now the alarm bells are ringing about the financial health of the fracking industry, with talk of a mighty monetary bubble bursting - leading to turmoil on the international markets similar to that in 2008. In many ways, its a straightforward case of supply and demand. Due to the US fracking boom,...

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