Now, the numbers he doesn't crunch is that 78,000 is 18% of 438,000, so if production is linear the well would run dry in 33 months. So yeah, shale oil is quite profitable, for now, but that doesn't say a lot for it's long term prospects.
Saturday, December 8, 2012
Why Shale Oil Works in the Short Run
Matt Badiali wrote a useful article, "Don't Believe This Shale Oil Argument... It'll Cost You", on The Growth Stock Wire. Much of it is hyper-optimistic about the prospects of shale oil, but towards the middle there is a very useful analysis: