by Darian S » Fri 09 Mar 2018, 16:48:25
$this->bbcode_second_pass_quote('', 'Y')es and he also means the dismal economics from day 1 to the present of the entire endeavor
True.
The thing is people say shale can take place all over, and it's a cornucopia. Let's say there's actually enough to ramp production by 100 million barrels per day, say by next year. Doubt there's that much available, but what would happen, within 2-3 years, this record breaking production would drop to 10~million, and if conventional also declined at rumored 5+% per year, in a few years you'd have a drop in global production regardless.
That is even if there was enough shale to match or exceed current total global production, in a few years it would fade to nothing. If the decline numbers are true. Reality very likely is there likely isn't that much shale, and it can't be ramped that quickly.