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| Re: Frack sand traffic (1329135) | |||
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Re: Frack sand traffic |
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Posted by Broadway Lion on Sat Dec 20 07:32:49 2014, in response to Re: Frack sand traffic, posted by AlM on Fri Dec 19 18:12:45 2014. Yeah, I know. I'm not sure what I think about it.But, while Bakken oil was impossible and too expensive to extract 50 years ago, technology has shifted greatly. With horizontal drilling one rig does the work of 10. Tha pipe goes almost two miles straight down, and then it shoots out horizontally for another mile or maybe two, so the catchment area for one rig is very large. It is also why fracking works so well out here : you are working miles below the water table. Drilling up here is not as labor intensive as you would imagine. I have no clue as to what the real break even point is on the barrel price, but most of the labor is in the transport sector of the project. The numbers of trucks on the roads is measured in the thousands. And those people get good pay. So does everybody in the support sectors, retail, construction, housing etc. The bubble is driven by oil, but the growth is much bigger than oil alone. ROAR |
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