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Fracking is a more expensive means of extraction than traditional drilling. IIRC, the oil is also of lower quality. I dont recall the precise price, but frackin
by hermitdev 8y ago
Fracking is a more expensive means of extraction than traditional drilling. IIRC, the oil is also of lower quality. I dont recall the precise price, but fracking is only profitable if crude is over ~$80/barrel.
- CuriouslyC 8y agoThe number for at least one major petrochemical company is closer to $30/barrel