10 years ago
2
Fracking is turning the US into a bigger oil producer than Saudi Arabia
Hector Gallegos sits in the cab of his pick-up enjoying a few hours of calm. A day earlier, workers finished carting off the huge rig that had drilled three new wells beneath this small patch of south Texas farmland and he’s now getting ready to prime them for production. He reckons that about three weeks from now each will be producing 1,000 to 2,000 barrels a day. “That’s money!” he exclaims with a broad smile.
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http://www.independent.co.uk
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Where is all this extra oil going? Why are the prices still so high?
There is a reason its called "Capitalism" why lower the prices when everyone is used to where they are at now.