Too much for a timely death, not enough for a living. Sound strenuous. But guess what – that’s ideal conditions for entrepreneurs. You think those shale entrepreneurs have no further tricks up their sleeves? I have learned over my half a decade on this planet that entrepreneurs are most dangerous when they are believed to be dead. Will everyone make it – hell no. Maybe a majority will kick the can but those that don’t, holy crap hold on to your hats. The ride is going to get wilder still. This is not the beginning of the end – it’s the end of the beginning.
Oil prices are rising to their highest level in months, with WTI having topped $60 per barrel, but the U.S. shale industry is still showing signs of strain.