Shale's looming credit crunch
The Story of Money
Manuela Saragosa
4.4 • 400 Ratings
🗓️ 3 March 2020
⏱️ 22 minutes
🧾️ Download transcript
Summary
More than 10 years on from the early days of the US shale boom, bankruptcy risks are rising across the sector. The FT's US energy editor, Derek Brower, reports on what weak oil prices and tightening access to credit are doing to the outlook for some producers.
Further reading:
Bankruptcy risks rise for US shale (paywall)
https://www.ft.com/content/76c15898-52a2-11ea-90ad-25e377c0ee1f
US energy sector, shunned by investors, has ‘Pearl Harbor’ moment (paywall)
https://www.ft.com/content/254bf634-5677-11ea-abe5-8e03987b7b20
Chesapeake Energy raises doubt over its ability to survive (paywall)
https://www.ft.com/content/46ffa4fc-ffe6-11e9-be59-e49b2a136b8d
The US shale revolution (paywall)
https://www.ft.com/content/2ded7416-e930-11e4-a71a-00144feab7de
The clip of Aubrey McClendon is credited to the Switch Energy Alliance.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Am I missing anything? Is this the right decision? |
| 0:02.0 | Can I show this data? |
| 0:04.0 | Am I too late? |
| 0:05.0 | Find clarity in your investment decision-making. |
| 0:08.0 | Manage your portfolio for sustainable growth |
| 0:11.0 | and regulatory alignment |
| 0:12.0 | with the ultimate blend of powerful AI and |
| 0:14.6 | industry expertise. |
| 0:16.5 | Reduce risk, meet your sustainability goals and push the boundaries of possibilities based on |
| 0:21.1 | facts, not opinions. |
| 0:23.0 | Clarity AI, scaling human decisions through tech. |
| 0:26.6 | Visit clarity. |
| 0:27.7 | AI and take action today. |
| 0:30.5 | More than 10 years ago, when US oil and gas explorers discovered a way to extract gas from |
| 0:35.6 | shale rock, investment poured into the key states of Texas, North Dakota, into Montana, and |
| 0:41.4 | even southern parts of Canada. |
| 0:43.0 | But when these explorers found a technique to extract oil from the same rock, |
| 0:48.0 | a revolution occurred. |
| 0:50.0 | There's a modern day gold rush going on right now in North Dakota but this time the hunt is |
| 0:54.2 | for black gold. It transformed the outlook for US energy security. The US |
| 0:59.3 | Geological Survey estimates that up to 4.3 billion barrels of crude can now be extracted from these hills, |
| 1:06.1 | which sit atop the back and shale formation. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Manuela Saragosa, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Manuela Saragosa and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.