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submitted 1 year ago by sik0fewl@kbin.social to c/canada@lemmy.ca

Gas prices are expected to reach an annual high this summer across Canada and into fall, with more than one factor causing the increase, experts say.

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[-] bdiddy@lemmy.one -4 points 1 year ago

no drilling is the issue lol. Shale wells deplete crazy fast. The decline rate is 70% in the first 3 years. We are reaching peak production. If you reduce the number of operators through buyouts it's only going to make it impossible to crank out new production quickly.

this post was submitted on 17 Aug 2023
56 points (93.8% liked)

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