How Fast are costs going Down in Fracking?

[william the wie]

The basic idea of fracking in simplest terms is:

Find oil bearing shale

Blow it up in a controlled fashion

Extract the energy

Rinse and repeat.

While there are many complications that is the basic idea. The first fracking proposal was to use shale as the preferred site of underground nuclear bomb tests. This would reduce costs a lot for DOD. Only problem was the proposed Test site was the Utah-Wyoming shale bed that was near the dormant super-volcano that is Yellowstone national Park.

So there has been a continuing drop in prices of fracking since the 1960s when the above proposal was scrapped but I have not seen a break out of how fast prices per bbl or BTU from fracking has been going down and I was wondering if anyone knows the Moore's law of fracking.

 

[Mr. H.]

Are you referring to this?

"Gasbuggy" tests Nuclear Fracking - American Oil & Gas Historical Society

No there has not been a "continuing drop in prices of fracking" (whatever the fuck that means).

Companies have become more efficient, newer processes developed, and costs have been pared.

This industry is fucked.

 

[william the wie]

I agree with that last part.