Trump Thinks US Oil Is His Strength When It’s His Achilles’ Heel

Trump Thinks US Oil Is His Strength When It’s His Achilles’ Heel

Headlines abound about the massive surge in US shale oil production. The energy independence-cheering punditocracy hail this as a great victory. This includes President Trump. And it would be if this surge in production was built on financially stable ground. But it isn’t. The fracking industry continues to bleed massive amounts of cash. As I…