America’s Great Shale Oil Boom Is Nearly Over

I like the comparison with the growth phases of a human. And they explain pretty well why shale is beyond the point where it could be killed. Had OPEC pursued the scorched earth policy it had before the cutbacks, it could have has a reasonable chance to put shale out. Let’s be frank. the odds were never really good, to begin with, but now its throwing money out of the window if you bet against shale. Those drillers are learning at an exponential rate and lower prices just put them on steroids. One man’s toxic sludge is another man’s potpourri.

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