But the only thing that seems to
cause shale drillers to reduce spending — and therefore production — is lower oil prices, since the cash flow from crude is their lifeblood.
Not exact matches
The only production that could be brought back on line fast is
shale oil, but without the extremely low interest rates
caused by government meddling,
shale drilling will be much more expensive in the future.
A fracture
caused by the
drilling process would have to extend through the several thousand feet of rock that separate deep
shale gas deposits from freshwater aquifers.
Diverting more gas from the domestic energy market would exert even more upward pressure on fuel gas prices, and with gas prices on the rise you're going to start setting more pushback from consumers and less support for fracking (short for hydrofracturing), the
shale drilling method that has been
causing so many problems in local communities.
These techniques have allowed
drillers to unlock vast underground
shale reserves and
caused the U.S. to become the world's largest liquid fuels producer.
The method combines a new form of horizontal
drilling with hydraulic fracturing — more commonly known as fracking GThe process blasts open fissures in underground
shale - rock formations by injecting a high pressure combination of fluids, chemicals and proppants
causing the fossil fuel to flow to the production well.
Many people also suspect that Marcellus -
shale drilling and fracking activity can
cause disruption in the earth's crust and may lead to future earthquakes.