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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (108118)	10/24/2014 10:50:41 AM
From: elmatador	Respond to of 219915

Correct According toEIA, the quantity of shale or natural gas produced per rig has increased by more than 300% over the past four years. This rise in productivity matches (in equivalent terms of capital cost per unit energy out) the improvements in solar power, but it took 15 years for solar’s gains. Solar is now experiencing a slow-down in efficiency improvements; there is no sign of a slow-down in shale technology. http://online.wsj.com/articles/mark-p-mills-the-oil-price-swoon-wont-stop-the-shale-boom-1414106473 IT could help the oil industry to slash its deep-water exploitation costs by as much as 50% and cut delivery time in half. Add the much greater pay-off possible in deep water (each of the various wells on platforms like Ursa are ten times bigger than typical onshore wells) and one gets a glimpse of the new economics that E&P technology could deliver. http://www.economist.com/node/885090