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GoobyPls

Joined: 07/11/2012 Posts: 6064
Likes: 2158


Low oil prices stopped it


I don't really have a dog in this fight, but fracking became unsustainable because of the Saudis increasing production (i.e. lowering oil prices) until fracking companies weren't profitable anymore. I remember because we were losing IT people to fracking companies for a short time. They're back.

I'm originally from WV and heard similar stuff about coal. The coal industry didn't crater because of green initiatives, though those didn't help. Coal lost because natural gas became abundant and cheap. Partly as a result of fracking, ironically (natural gas is a byproduct of drilling and fracking).

(In response to this post by Hoakie82)

Posted: 03/07/2022 at 08:50AM



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