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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (148322)	1/18/2015 2:01:28 PM
From: Wharf Rat	Read Replies (1) \| Respond to of 149319

"when oil prices start to go back up, the rigs will be back" When depletion sets in, the price will go up. In Lewis Carroll’s hallucinogenic novella,Through the Looking Glass, the Red Queen explains to Alice that she too can become a queen by reaching the opposite side of the playing board. But Alice, who has been running as fast as she can, finds that, despite her efforts, she remains in the same spot. The Red Queen explains that in Wonderland, “it takes all the running you can do to stay in the same place, and if you want to get somewhere else, you must run at least twice as fast as that.” Critics of the shale oil boom have compared oil production in the Bakken and other shale oil fields to Alice’s race with the Red Queen. The average new well produces fewer than 500 barrels of oil per day in the first month. By the end of the first year of production, output has typically fallen to slightly less than half of the initial flow rate. By the end of the second year, daily output from the average well declines to just over 15 percent of the initial flow rate. http://www.logisticsmgmt.com/article/andreoli_on_oil_and_fuel_outrunning_the_red_queen_in_the_shale_oil_fields