Did Illinois miss its window for fracking?
It was high oil prices that had companies finding profits in the shale and oil sand fields across this country, but the price of oil has plummeted in recent months. Mark Denzler with the Illinois Manufacturers’ Association says as long as oil doesn’t see another huge drop, there could still some interest in fracking in southern Illinois.
Oil was in the $60 a barrel range before the new year.
If Illinois misses out, Denzler says there has to be a recognition that a two year delay by Gov. Pat Quinn’s office may be to blame.