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The Pros And Cons Of Fracking

Satisfactory Essays

The U.S. was supposed to be the world’s new swing oil producer, able to nimbly open and close the taps in response to market forces, thanks to its bounty of shale fields.” In the past a barrel of oil has been one hundred dollars, recently it has dropped to thirty dollars. Though some wells can be profitable at low prices it puts a serious strain on the oil industry as explained in this article. In the beginning of the article we learn that prices are dropping, and many independent companies are to financially involved forced to let many workers go. U.S. fracking equipment is idle making it very hard to start fracking when over half of the equipment ,sixty percent, is completely idol. “The U.S. Energy Information Administration estimates that

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