Here is an article from CNBC looking at the potential for fracking in Saudi Arabia:
- Saudi Arabia could be next to use new technology to get at currently trapped gigantic reserves of oil and gas
- What Saudia Arabia doesn't have is a lot of water, which you need in fracking.
- Fishbones ( a Norway-based oil services start-up) technology uses 95 percent less fluids and is designed for recovering oil and gas from carbonate formations
An interesting read while we wait for Asia FX to hit its stride for the day.
I know we have quite a few oil and gas knowledgeable traders reading ForexLive - comments welcome!
