The clerics and scholars appealed to “well-off nations and oil-producing states” to recognize their “moral obligation to reduce consumption so that the poor may benefit from what is left of the Earth’s non-renewable resources,” according to the declaration e-mailed Tuesday from Istanbul.
Re-fracking can be up to two-thirds cheaper than drilling a new well, which is an alluring possibility for cash-strapped U.S. producers who are straining to keep operational costs down and drilling operations intact.
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