My hope and prayer is that the oil fracking industry will survive this virtually unscaved.
Hoping that there will be a “ eureka “ moment that will save the day of someone coming up with some way to frack oil even at a cheaper cost but still make a profit and do it efficiently.
I hope this “ eureka “ moment comes soon and finally put a dagger into the heart of OPEC.
The fracking industry has found ways to drill, and produce more efficiently in the last 5 years.
I am in the middle of more than a couple fracking pads. They are fracking at 6000ft below the surface. You can barely tell there are pads in the area unless really looking for them. I only have a couple acres but have signed a lease. If it pans out, I could be debt free in four years if they touch anywhere beneath me; there again, with directional drilling, they could go right around my little parcel of land. At any rate, in my general area, fracking has been outstanding for the communities and our local economies are showing the results.
I too hope the technology becomes better and better. I would love nothing more than to hear we no longer needed involvement with OPEC (and and end to the liberals tired meme of “it’ll take ten years to -insert inane argument here- before we see results, so why bother?”)