Skyrocketing prices for oil on the world market aren’t expected to rejuvenate Wisconsin’s frac sand mines.
The Russian invasion of Ukraine has helped price prices up to more than 112 dollars a barrel for West Texas Intermediate crude.
The frac sand mines in this state were active the last time prices were that high in June 2011. By 2015, the prices had dropped to 50-to-70 dollars a barrel, and energy companies looked for other sources – or went out of business.
Supply chain bottlenecks and a tight labor market will slow any rebound in the Badger State.
