The trick, of course, is that the overhead
for frackers to stay dormant temporarily is relatively low — consider the low interest rates today — and restarting costs are practically nil.
The bottom line
for the frackers representing the corporations is the profit for their shareholders.
Analysts and traders who took the CNBC Oil Survey last week were split on the break - even price
for frackers, with 43 percent of the participants saying it was $ 45 to $ 55 per barrel.
David Powell of the New Economics Foundation explains how opposition to fracking is only heading in one direction - and a tipping point
for the frackers could soon be reached
Not exact matches
Trump tariffs hit raw nerve in energy pipeline sector Oil pipelines prepare new battle tactics
for environmental activists US shale forecasts are too optimistic, pioneering
fracker says
In its coverage of the news that U.S. output topped 10 million barrels, the Financial Times put it best, writing that American
frackers have «boosted the U.S. economy, creating tens of thousands of jobs, bolstered its energy security, created new international relationships and given Washington new freedom to use sanctions as a tool
for strategic influence.»
According to the Wall Street Journal, due to the enormous increase in the demand
for sand, PacWest Consulting Partners expects
frackers to use nearly 95 billion pounds of sand this year, up 30 percent since 2013.
So it appears that a billionaire
fracker is the fourth largest donor to Eric Schneiderman's incumbent campaign
for AG.
In Record Drought, Texas
Frackers Firefighters And Farmers Compete
For Water