The massive sanctions against Russia are driving up the price of oil, and this is making the frowned upon frackers socially acceptable again. US President Joe Biden is also calling for them to finally exhaust their production licenses. However, they want to have their services gilded with further funding licenses.
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Fracking is back: Gas is flared while pumping oil in the Bakken shale formation in North Dakota.
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The brutal Russian invasion of Ukraine changed the world. The geopolitical shock has not only quickly turned pacifists into rearmament advocates, but suddenly the fracking industry, which was frowned upon until recently, is socially acceptable again.
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