Sentences with phrase «shale drillers spent»

Not exact matches

Papa says drillers in two major shale regions have burned through their best assets, and shareholders are pressuring companies to spend less money.

When OPEC decided to step in to support the oil market, shale drillers saw that as the all - clear to boost spending.

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.

And shale drilling uses a lot of manufactured goods — 20 percent of what people spend on a well is steel, 10 percent is cement, so less drilling means less manufacturing in those sectors.»

Let's say we shut down and decommissioned coal mines and coal - fired power plants, stopped new offshore drilling for oil and gas plus the development of shale oil and gas, moved away from nuclear power as too risky, spent trillions to subsidize non-viable windmills and solar panels to squeak by in avoiding a total blackout by imposing exorbitant taxes on energy in order to force people to cut back its use.