Is fracking cost effective at 75?
It starts getting pretty marginal along about there. For all the economic boost that cheap oil would provide, I’d prefer domestic sources remain viable. Otherwise we’d have an economic shot in the arm for a decade or so, domestic wells would be abandoned and then we’d be right back where we were in 2008. It’s worth a premium to me, to be as free from dependency upon people who want to kill us as possible.
I was told that fracking is cost effective down to $30/bbl.
It’s always been cost effective, it’s a necessary part of the process and has been since before I was born, that was 64 years ago.