And if such adverse environmental effects should be proved, it is likely that carefully crafted yet inexpensive regulations could minimize if not avoid them by improving the techniques and practices
of the frackers.
Did they only hear the lies and half - truths
of the frackers?
There is not enough space here to further explore the lies and half - truths
of the frackers or the truth of the anti-frackers.
If one is concerned about the half - assed safety practices
of frackers, as Obama well may be, the new rules come not a moment too soon.
Not exact matches
Carrizo's breakeven point, at $ 60 a barrel, is relatively low among
frackers, and the company holds the rights to an unusually strong portfolio
of oil and gas fields, which Waghorn thinks make it a likely acquisition target.
Pittsburgh - based gas driller EQT Corporation's $ 8.2 billion purchase
of fellow
fracker Rice Energy was last year's biggest U.S. exploration and production deal.
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.»
As the Financial Times notes, U.S.
frackers are producing what they are today while employing only three quarters
of the workforce they had in the days
of $ 100 - a-barrel oil.
Saudi Arabia is likely to continue its policy
of maintaining high crude production, which keeps oil prices from rebounding until high - cost producers like U.S. shale
frackers curtail output, Kilduff said.
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
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.
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.
Exxon is now the world's biggest
fracker, a practice New York State banned after a decade
of organizing around health and climate impacts.
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.
* Link to: The
Frackers: The Outrageous Inside Story
of the New Billionaire Wildcatters and Investing: The Last Liberal Art.
I call them the «frack - baby -
frackers» — some
of the Conservative party who, you know, would frack every bit
of croquet lawn if they possibly could,» the Lib Dem MP said in an interview with Leo Hickman, editor
of Carbon Brief, this week.
Over-hyped reserves
of oil - bearing shale and OPEC's deliberate overproduction (to starve U.S.
frackers) temporarily wiped the 2008 oil price spike from Americans» memory, and they'll be caught off guard when it returns.
According to data presented by Bob Lewis
of the New York State Department
of Agriculture and Markets,
of the roughly 225 farms participating in the New York City greenmarket system, 40 overlap with the Marcellus Shale formation and therefore are in areas potentially to be targeted by
frackers.
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