Fracklog

From Conservapedia - Reading time: 1 min

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Fracklog is a method to line up shale oil projects to bring online the minute prices rise high enough to justify them. Wells are drilled but are not extracted until the global glut is erased and prices start trending back upwards. As OPEC leading member, Saudi Arabia has sought to kill off shale oil fracking production by continuing output without raising costs. In 2016, the price for a barrel of crude is in the $30 range. At this level, profits are scarce and new wells are a risky investment. A Fracklog proves that American shale oil is only facing temporary setbacks but over time, it cannot be defeated.