From Bloomberg, Dec 2, 2014, 3:19:38 AM
A rig drills for natural gas at a hydraulic fracturing site owned by EQT Corp. located atop the Marcellus shale rock formation in Washington Township, Pennsylvania, U.S. Advances in horizontal drilling and hydraulic fracturing, or fracking, have helped U.S. drillers pump the most in three decades. Photographer: Ty Wright/Bloomberg
A rig drills for natural gas at a hydraulic fracturing site owned by EQT Corp. located atop the Marcellus shale rock formation in Washington Township, Pennsylvania, U.S. Advances in horizontal drilling and hydraulic fracturing, or fracking, have helped U.S. drillers pump the most in three decades. Photographer: Ty Wright/Bloomberg Bond investors who helped finance America's shale boom are facing potential losses of $8.5 billion as oil prices plummet by the most since the financial crisis.
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