Shale production may soon hit a wall

12 Jun 2017   Shale Oil

A decade or so ago I was doing a TV interview and talked about a technology called horizontal fracturing and shale oil that might one day make the U.S. energy independent and I was laughed off the air. You see back then the concept of energy independence was thought to be an impossibility. Fast forward to 2017 and because of the success of hydraulic fraction the term “shale oil” is now widely known by people inside and outside of the oil and trading industry. Shale oil has changed the world and the global economy and now the U.S. can go tell OPEC to take a hike and we can just be increasing production and prices of oil will stay low forever. Not so fast. Despite the meteoric rise of shale oil and the recent surge in U.S. oil rig counts there is a coming shale oil production peak. Not […]

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