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I'm sceptical that this is Saudi's plan. Is the investment really worth it? fracking is highly automated and the cost is going down. Fracking is strategic for m
by lukasm 11y ago
I'm sceptical that this is Saudi's plan. Is the investment really worth it? fracking is highly automated and the cost is going down. Fracking is strategic for many governments, so subsidy is very likely.
I don't remember exact numbers, but cost of drilling in Saudi Arabia is 2$, cost in Syberia is 30$.
- danieltillett 11y agoI don't think the cost is quite that low in Saudi Arabia, but they are definantly the lowest cost producer. Their only hope is to drive out the higher cost producers and then increase prices - it is monopoly 101.