NEW YORK ( TheStreet) - Now that oil prices have plunged to $60 a barrel, fracking is facing a major shakeup. 

Fracking, which extracts oil and gas from deep in the earth using chemicals and huge amounts of water, is an expensive process. So fracking companies will have to adjust to the sharp drop in prices in order to survive. 

 

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.