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This chart shows the true collapse of fracking in the US

This chart shows the true collapse of fracking in the US

Business Insider - Wolf Richter

That's what Exxon Mobil CEO Rex Tillerson said about the low price of oil at the company's investor conference. "I see a lot of supply out there." So Exxon is going to do its darnedest to add to this supply: 16 new production projects will start pumping oil and gas through 2017. Production will rise …

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