Fracking Industry

350 Words2 Pages
1. How did the boom in the oil industry over the past decade contribute to the growth in the Wisconsin sand market? As the practice of fracking became popular in the oil and gas industry, the demand for sand increased. The sand in Wisconsin was preferred because the grit, with its particular shape, was the best quality and perfect for fracking operations. 2. How has the recent crash in oil prices impacted the Wisconsin sand market? The recent crash in oil prices has reduced the sand market from $4.5 billion to $2 billion in one year. Prices have decreased and are now less than $40 per ton. 3. How have sand mining companies in Wisconsin responded to the recent decrease in sand prices? The recent decrease in sand prices caused changes in
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