Many oil and gas companies have been devastated by the economic downfalls caused by the pandemic and subsequent oil price crash. Now, as clean energy proves to have had a year full of growth and success, oil investments are falling, according to The Wall Street Journal.
Amid the crash, Texas billionaires Dan and Farris Wilks got a $35 million relief loan to help one of their fracking companies stay afloat. At the same time, they were on a buying spree in the country’s oil patch.
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