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Oil prices are down amid weak demand, and investors no longer seem willing to write the industry a blank check. Spencer Platt/Getty Images hide caption

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Spencer Platt/Getty Images

As Oil Prices Drop And Money Dries Up, Is The U.S. Shale Boom Going Bust?

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Gov. Gavin Newsom tours the Chevron oil field west of Bakersfield, where a spill of more than 800,000 gallons flowed into a dry creek bed in McKittrick, Calif. in July 2019. Irfan Khan/AP hide caption

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Irfan Khan/AP

The sun sets behind an oil pump in the desert oil fields of Sakhir, Bahrain. OPEC nations agreed to reduce their production, but energy experts say that renewed U.S. sanctions on Iran could derail their supply cut deal. Hasan Jamali/AP hide caption

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Hasan Jamali/AP