. Prices are even higher in the most populous states, with Californians forced to pay an average $6.39 a gallon.
"I don't think OPEC has to worry that much more about US shale growth long term," he said, adding that the firm"will be more cautious" through 2025. The uptrend has also been a bumpy one, as producers have been wary not to repeat the growth spree of the 2010s. Investors haveover faster pumping, saying firms need to pay down debts from the prior boom. That's led to producers' free cash flow soaring amid rising prices, a typical sign that the industry is leaving cash on the table and needs to accelerate investment.
Good! Destroying the environment and causing earthquakes, air pollution and water contamination due to the toxic chemicals used in hydraulic fracturing are the greatest concerns within fracking sites, while the need for wastewater disposal and shrinking water supplies.
Biden claims thousands of approved leases means he isn’t a killing the energy sector, meanwhile new regulations and canceled prime locations make most of these leases unusable.
“The fracking boom was slowing before the pandemic as investors prioritized profits over growth.” But cool, blame Biden
They over-produced, the prices fell, and they decided it wasn't worth the effort anymore. A little honesty would be nice.
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