It is not a matter of “if” but rather a matter of “when” the entire complex goes under and when that happens, the relatively paltry sums banks have set aside against losses in their energy books will balloon as everyone on Wall Street simultaneously pulls a BOK Financial.
Fracking is a technique used by drilling companies to make oil and gas flow more easily out of the ground. It involves blasting a high-pressure mixture of water, sand, and chemicals underground to crack, or “fracture,” underground shale rock, thereby releasing oil and gas to flow back to the surface
