Has anybody watched oil prices lately? Last year this time there was a lot of speculation at what oil price level shale would be uneconomical. We saw numbers from 25 USD up to 50 USD. But WTI is way above 60 now. If we slap 12% cost inflation on top of shale, the top cost range will end at 55 USD. And prices are still going up. There is plenty of speculation on 3 digit prices soon. Shale is going big again – much bigger than before.
Rudolf Huber was featured in those quality publications
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