Times Live: Will SA Step in to Fracking Pandora's Box?
If it’s not viable in a favourable country like the USA‚ what chance does fracking have of success in South Africa?
The Treasure Karoo Action Group (TKAG) said on Friday: “The deep trouble in the shale drilling sector is well illustrated by the financial woes of Chesapeake Energy – the second-largest driller in the US‚ whose shares crashed 10% on July 21.”
This‚ the TKAG said‚ was widespread‚ and “during the first half of 2015‚ US shale drillers increased new debt and equity offerings by $44 billion – more than during any half year period since 2007”.
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