Are Investors Finally Waking up to North America’s Fracked Gas Crisis?

The fracked gas industry’s long borrowing binge may finally be hitting a hard reality: paying back investors.

Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors are showing signs they’re worried that payoff will never come — and as a result, loans are drying up.

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