CRAK - Fracking firms fear vaccine mandates will worsen labor crunch - WSJ

Executives at U.S. fracking companies are worried that coming vaccine mandates will exacerbate an already serious labor shortage at a time of rising oil and gas prices, the Wall Street Journal reports. Oilfield service companies say many of their workers in U.S. shale regions are unvaccinated and remain skeptical of COVID-19 vaccines, which is hurting the ability to rebuild their workforces, according to the report. ETFs: XLE, XOP, VDE, OIH, FENY, IXC, FCG, XES, IYE, CRAK, FRAK Many in the industry also are concerned about requirements for weekly testing for unvaccinated workers, seeing a burden to administer and manage testing for large numbers of small crews working in rural areas. Many businesses welcome a mandate, but oilfield service firms foresee problems, based on vaccination rates in the areas where they operate and feedback from their workers. In Midland County, Texas, the heart of the Permian Basin, only 46% of eligible

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Fracking firms fear vaccine mandates will worsen labor crunch - WSJ