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FL Panhandle | Thanks for confirming the boom and bust cycles that have occurred for years. You then want to attribute that to Trump and then leave out Covid nonsense. Your half truths are so expected.
“Eventually all major coal mining companies filed for bankruptcy, a bunch of them twice. That was collateral damage of these billions of dollars of investor cash that kept flowing into fracking.
Surviving in this pricing environment for overleveraged permanently cash-flow negative companies in the fracking business has proven to be tough – and for investors, who kept buying their hype over the years, it has turned into a massacre.
Investors have not only poured billions of dollars into supplying these companies with debt capital – including the $262 billion listed in bankruptcy filings since 2015 – but also into supplying them with equity capital as these companies sold new shares to raise money, and these billions in equity capital have now disappeared without trace. Those billions from those share sales don’t even get mentioned in bankruptcy filings.”
https://wolfstreet.com/2020/07/10/the-great-american-shale-oil-gas-m...
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Why "it`s" impossible to fix
