The global fracking industry has a fundamentally broken business model which is: Let's produce as much oil and gas as we can, and hope that prices rise as a result.

It's completely backward.

What we’ve ended up with is a global supply glut and weak demand.

And with COVID-19, oil and gas prices have plummeted, supply is absolutely bulging, tankers filled with oil have nowhere to go, and fracking bankruptcies are the latest boom.

This week, Gas Chat is joined by IEEFA analysts Clark Williams-Derry from the U.S. and Bruce Robertson from Australia to talk about what's happening around the globe in the oil and gas industry.

For more in-depth analyses, please visit our website at www.ieefa.org

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The Institute for Energy Economics and Financial Analysis is a public interest think tank. This industry overview should not be taken as personal financial advice. Please refer to our website at ieefa.org for our disclosures and mission statement.