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“An imbalance in the supply-demand dynamics for the oil and gas produced by hydraulic fracturing in the Permian Basin of west Texas is an increasing challenge for the local industry, as well as a growing impact to the environment. In 2018, so much excess natural gas was produced with oil that “prices turned negative” and wasteful flaring increased to a record 400 million cubic feet per day. By Q3 of 2019, the wasted gas from this region alone, almost doubled to 750 million cubic feet per day”
“Proponents of hydraulic fracturing touted its potential to make the United States the world’s largest oil producer and make it an energy leader, a feat it achieved in November 2012 having already surpassed Russia as the world’s leading gas producer. Proponents say that hydraulic fracturing would give the United States energy independence.”
So a couple of years ago, there was not a fuel shortage.
Looks like covid stopped the fracking.
Maybe if covid calms down, fracking will be kick-started in the U.S.A.
This is one of the reasons Putin wants an early opening of Nord Stream Two with long contracts, his best option.