[zeestephen]

They worked in cheaper producing fields.

A lot of the guys working in North Dakota were unemployed in Alaska not so long ago.

The cheap oil is pretty much pumped out, world wide.

There is plenty left in the ground, but the fields are smaller, and extracting it is more expensive.

Some guy here at FR told me a few weeks ago that even the Saudis are starting to do horizontal fracking.

[Mark17]

There is plenty left in the ground, but the fields are smaller, and extracting it is more expensive.

That is why I hope the technology for extracting it keeps getting better.