Quote:
Originally Posted by Stangkiller
They've successfully shuttered a significant amount of fracking/shale oil in the US, that will take years to restar  |
One advantage of fracking is they well can be capped and restarted when prices prove profitable.
If you cap a conventional oil well, it may or may not pump oil when it's opened back up.
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We do work for a few different oil drilling companies. The "big" one is just getting a few specialty items and the smaller one ( who builds the drilling rigs ) is waiting for money / contracts to start again.