“It affects everybody’s bottom lines,” Mr. Daniels said. Fracking has made the U.S. the world’s top oil producer, buoyed the national economy and helped the country become a net exporter of crude and petroleum products for the first time in decades. But the rapid production growth of recent years is waning as shale companies, many of which have struggled to make money, focus on profits over expansion to satisfy unhappy investors. “The boom time is done at this point, unless oil prices go up significantly,” said Michael Plante, senior economist at the Federal Reserve Bank of Dallas. Shale Slowdown Hotel revenue is declining in some of the hottest U.S. oil regions and flattening out in others as producers scale back to meet investor demands. Change from previous year in revenue per available hotel room in oil producing regions 80 % CANADA Bakken/ Three Forks Bakken/ Three Forks 60 N.D. […]