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Weir Sees International Fracking Market Doubling in Three Years

Blumeburg -- Weir Group Plc. (WEIR), the world’s largest provider of hydraulic fracturing equipment in the oil industry, expects the international market for the pressure-pumping gear to roughly double over the next three years.

The major areas of international fracking growth are in China, Argentina and Australia, Steve Noon, managing director of Weir’s oil and gas division also said in the interview.

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Submitted May 01, 2012 By: fracknsave

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SammyAdams Champion Author Tallahassee Posts:3,037 Points:788,805 Joined:Nov 2010	Message Posted: May 1, 2012 8:37:31 PM Ignore SammyAdams Report Abuse Fracking will grow exponentially everywhere EXCEPT here in America. China and India do not need to obtain permitting through EPA which makes our so-called energy crisis contrived. The world and US would be far better off without the EPA.
fracknsave Champion Author Grand Rapids Posts:1,666 Points:58,000 Joined:Mar 2012	Message Posted: May 1, 2012 5:38:53 PM Ignore fracknsave Report Abuse International markets - is correct. This gives credence that what is occurring in the US is not an anomaly and that the global economy can get the same reprieve like the one we will soon get. The genie is too far out of the bottle to get back in, too bad for OPEC, they may soon have nothing better to do than fill their swimming pools with it.
alex395 Champion Author Louisville Posts:2,039 Points:275,865 Joined:Jan 2007	Message Posted: May 1, 2012 2:43:01 PM Ignore alex395 Report Abuse Key words international market. Obama won't let it happen in the US which means we will again take the back seat thanks to Obama, the czars, EPA et al......
MN1 Champion Author Twin Cities Posts:3,339 Points:646,590 Joined:Jun 2011	Message Posted: May 1, 2012 10:32:27 AM Ignore MN1 Report Abuse Sure
mwc407 Champion Author North Carolina Posts:1,095 Points:556,735 Joined:Jan 2011	Message Posted: May 1, 2012 8:07:14 AM Ignore mwc407 Report Abuse The hippies and the greenies are NOT going to like that!
jcotaxi Champion Author South Bend Posts:1,750 Points:358,030 Joined:Jun 2011	Message Posted: May 1, 2012 7:48:12 AM Ignore jcotaxi Report Abuse What's the hold up in North America? A political hot potato? Why is everything so political in America these days?
uglytom Champion Author Florida Posts:7,464 Points:1,542,015 Joined:Jul 2007	Message Posted: May 1, 2012 7:38:48 AM Ignore uglytom Report Abuse Crystal ball?
jakessoccermom Sophomore Author Wisconsin Posts:199 Points:615,570 Joined:May 2010	Message Posted: May 1, 2012 7:05:53 AM Ignore jakessoccermom Report Abuse Well, who ever bought stock in the company early at an affordable price is probably making money hand over fist now.
Hoporrene Veteran Author Mississippi Posts:312 Points:206,970 Joined:Dec 2011	Message Posted: May 1, 2012 6:54:55 AM Ignore Hoporrene Report Abuse hmmmm...mmmm