date:Feb 20, 2013
last 24 months. Oil and gas industry demand has tripled in this time period because guar gum is an effective viscosifier of the fluids used in hydraulic fracturing (sometimes known as fracking), which has boomed in recent years. Along with increased demand, the price of guar gum soared as much as 1,600%.
According to a Dec. 5, 2012, article in The Wall Street Journal, guar gum pricing and demand have followed a classic boom and bust cycle. As the oil and gas industry used more guar, prices sk