Sure, when we get back to $3,000.00 cars to put it in.
In the meantime, realistically, the price is going to be higher or drilling and completion costs will not be recouped, with a profit.
Otherwise, no new wells, existing wells deplete, and the price goes back up.
Then the boom/bust cycle repeats.
If prices are stable, then the economy can adjust to that. Price volatility creates budgetary problems.
As for cheap Methanol (the writer's spot price) how long would the price remain that cheap if demand surged? (not long).
“Sure, when we get back to $3,000.00 cars to put it in.”
Sorry, I don’t accept that pessimism. If we exploit our own resources and use our own refineries, great things can be done.