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Oil’s hired hands see outlook brighten as war fractures markets

Halliburton, which controls more fracing capacity than any other company, predicted North American explorers will boost spending by 35% this year, up from a pre-war forecast of 25%.

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What’s interesting is the amount of DUCT’s has been decreasing at a pretty good clip since COVID caused the big collapse in drilling. How long will it take for drilling crews to catch up. If big money goes into fracking you can assume drilling will speed up also. There seems to be pressure on supply lines for all this field equipment. Good for oil, good for gas and good for the economy. 

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