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Aren't they failing because of low prices, not because of technical incompetence?

• protomyth 11y ago
  The frackers have stopped drilling new wells, but the way fracking works actually lends itself to this. They are not long term wells like you typically see, but more of a burst and drill again. When the prices go up, they will put the equipment back in the field. Now would be a good time to schedule some of those infrastructure projects that need truckers, welders, and such.
• krisdol 11y ago
  Yes, that's my counter-point. Depending fully on oil has many negative repercussions for any country. Unlike private entities in the USA, you can't just downsize a country to maintain profits.