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Fracking’s future still on hold
The "fracking revolution" — improved hydraulic fracturing techniques — has liberated enormous quantities of crude oil, and especially natural gas, from previously uneconomic deposits trapped deep underground in isolated pockets within sedimentary rock known as shale. The resulting abundance of low-cost natural gas has transformed North American producers of resins such as polyethylene, which are favored by lighter natural gas-based feedstocks, into some of the most cost-competitive producers in the world.
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