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Fracking in the US is very low-infrastructure. It's not like the 10-30 years it takes to spin up a deep-sea drill rig. It's literally a month or two and a cou
by bpodgursky 7y ago
Fracking in the US is very low-infrastructure. It's not like the 10-30 years it takes to spin up a deep-sea drill rig. It's literally a month or two and a couple million dollars. Here are some actual numbers: https://www.roseassoc.com/the-current-costs-for-drilling-a-shale-well/ https://www.roseassoc.com/the-current-costs-for-drilling-a-s...
That's the whole reason it has taken off -- you turn it on when prices are high, you turn it off when prices are low.
We aren't committing to 30 years of energy policy by fracking in the US. You're committing a to maybe a couple years to pay off the investment.