Could COVID-19 spell the end of the fracking industry as we know it?

        March 20, 2020 Truth Out | New Mexico | fossil fuels: fracking

Few fracking companies make a profit and need cheap money to survive. Low oil prices are perilous for state budgets with high oil & gas revenues as in Texas, California, Colorado, and New Mexico. The NM state fund loses $22 million for a $1 drop in prices. Asset retirement obligations (site cleanup and closures) will also be unlikely if bankruptcies increase.