Bethany McLean, Saudi America

Could Fracking Debt Set Off Big Financial Tremors?

Author Bethany McLean and Jyoti Thottam, business and economics opinion editor for The New York Times, discuss the risk of a financial crisis arising from the fracking industry's high debt load.

Mystery and high stakes often go together, as is the case with fracking — the process of using high pressure to extract oil and gas from shale rocks buried deep under the earth’s surface. Fracking companies are hot destinations for investors chasing yields and growth industries, especially private equity companies, in part because of the large appetite the capital intensive industry has for debt. However, several warning signs . . .


This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

If you are subscribed and having an account error please clear cache and then cookies if that does not work email or click chat button and we will get back to you as quick as humanly possible

Saved Articles

Subscribe to our mailing list

* indicates required

Opt out of occasional 3rd party offers