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Then I would argue the biggest threat to safe and effective fracking is Saudi Arabia. As long as fuel prices are low, people are more willing to cut corners to
by rm_-rf_slash 10y ago
Then I would argue the biggest threat to safe and effective fracking is Saudi Arabia. As long as fuel prices are low, people are more willing to cut corners to make a profit. If prices are high, the added costs of effective regulation are an easier sell.
Otherwise, you make a great point.
- wavefunction 10y agoActive fracking projects in the US have dwindled to low levels thanks to low oil prices driven by Saudi Arabia maintaining production at current rates. This is a well-established fact.[0] Your claim on the other hand is just an opinion at this point as I have seen nothing that indicates low oil prices lead to worse practices and procedures among domestic fracking firms. [0]https://www.theguardian.com/business/2015/dec/07/opec-plan-kill-us-shale-oil-price-down-seven-year-low https://www.theguardian.com/business/2015/dec/07/opec-plan-k...