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#1116 Matt Lohstroh On Why Every Oil & Gas Company Will Mine Bitcoin

The Pomp Podcast

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Why Saudi Arabia Needs No Fracking?

The reason why Saudi Arabia is so rich is because they need no fracking. Fracking is the process of pumping sand to fracture rock that holds oil before fracking was invented. They can drill 1,000 feet into the ground, which is super shallow for an oil well. There's almost none or very little natural gas or water or anything else.

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