Saudi Arabia, Russia And Oil: Talking's Not Working - Bloomberg:
"Some important news today from Russia on the future of oil: Scientists there have reportedly discovered a new method of fracking that has boosted output from wells six-fold. Now, a word of caution on touted Russian oil breakthroughs: Some Russians claim their country invented fracking -- a dubious assertion and one you would be well-advised not to raise in polite conversation if you happen to be in Kansas. Even so, as Thane Gustafson relates in his epic history of the Russian oil industry, "Wheel of Fortune", the Soviet Union's petroleum engineers did try something those Kansans never attempted; namely, trying to frack in the Arctic with nuclear explosives (go big or go home, amirite, comrades?) Unfortunately, rather than break apart the rocks and unleash a torrent of oil, this bold experiment merely fused them into a reservoir of ... toxic glass."
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