Ping!....
Been hearing it for decades that $50 was the break even point for most of these methods to pan out profitably.
Been three years now and they still haven’t bothered to start, they must know something we don’t I guess.
When you have politicians making the investment decisions, they ignore the advice on how to make their wells more productive. Instead they spend the money on things that get them votes..even though the long term outlook gets worse.
Pemex in Mexico is a good example,,Venezeula,,Iran,,etc. etc. India has somewhat seen the light..Brazil decided to take a new path and has done very well..going after the deep water oil with private company technology.