Investors are liking the US fracking industry’s new strategy: trying to make money ...Middle East

The price of oil is up to about $75 per barrel, its highest point since October 2018 and a marked recovery from last year’s pandemic pits, when it briefly went negative and then meandered around $40 for several months.Usually, a high price inspires a rush of drilling activity. But the number of active oil and gas rigs in the US has made only modest gains. What gives?https://datawrapper.dwcdn.net/qpuEE/1/Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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