U S Federal Energy Regulatory Commission approved a plan for Kenai LNG plant frontiersman.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from frontiersman.com Daily Mail and Mail on Sunday newspapers.
Read time: 16 mins By Justin Mikulka • Tuesday, December 22, 2020 - 07:26
After over a decade of the much-hyped U.S. fracking miracle, the U.S. oil and gas industry is having to deal with years of losses and falling asset values which has dealt the industry a serious financial blow. This is despite the fracking revolution delivering record oil and gas production for the past decade, peaking in 2019.
While the pandemic has hurt the industry, companies have also benefited from excessive bailouts from pandemic relief programs but these bailouts are a stop gap financial band-aid for the struggling industry.
The oil and gas industry has always required huge amounts of money to explore for and produce oil and gas but up until now the industry made returns on those investments
The Kenai Cool Down Project anchoragepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from anchoragepress.com Daily Mail and Mail on Sunday newspapers.