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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Dennis Roth who wrote (178578)	5/19/2013 4:50:23 PM
From: t4texas	Read Replies (2) \| Respond to of 206110

i would note the author makes no mention of natural gas as a transportation substitution fuel for oil, which is an ongoing effort in the usa, which could drastically reduce the demand for oil in the usa. clearly this could happen to other large users of oil in other countries on the planet too. i don't subscribe to the author's vision about peak shale oil in the usa, because he does not really examine the idea that incremental technology improvements might deliver far more shale oil from current shale deposits than the current approximately 5% recoverable.

To: Dennis Roth who wrote (178578)	5/20/2013 11:58:50 PM
From: MIRU	1 Recommendation Respond to of 206110

tight oil wells dry up much faster than conventional ones. Right, if you are confining the analysis to shale, horizontally drilled and sequentially fracked. But there seems to be an assumption that all this kind of drilling is confined to shale that could not be economically produced conventionally. Actually a lot of drilling is being done in old reservoirs that are played out or marginal by conventional standards but are economic with horizontal drilling. They may have shale in them, but they are not true shale but mixed formations or not shale at all. The best example is actually not oil bit gas - horizontal cotton valley is one of the most profitable gas plays according to a recent BP analysis, not shale at all.