Quote:
Originally Posted by darcane
But, fracking wells don't continue to produce... they have to continue fracking in order to get more oil. This is part of why the cost to recover fracking oil is higher, and at the low prices, it won't make sense to continue producing at a loss. Unfortunately, with all the capital sunk into developing the fracking infrastructure, production needs to continue or the frackers risk big losses or bankruptcy.
That's what OPEC is banking on...
P.S. I can't help substituting a similar sounding f word for fracking, which makes this whole conversation rather amusing.
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Not to mention the environmental and health costs of leaking oil and/or chemicals into the groundwater.
