Ban my account ffs!
snowguy716
Atlas Star
Posts: 22,632
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« on: November 06, 2014, 07:57:44 PM » |
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Could the US be bluffing its shale oil reserves?
Iran and Russia are flooding the market too in order to increase revenues... But if prices collapse and shale production really begins to fall off, it could be a sign that wells already drilled are decaying in production at faster than expected rates... So that the cost of keeping production up necessitates ever larger shares going to drilling new wells... So that a low oil price halts drilling as cost prohibitive while returns from existing wells falls faster than our reserve forecast algorithms would allow.
If that were true, itd be bad news for the US because it would screw our oil geopolitics... But it sounds very conspiracy-ee
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