Fair enough but I still ask, what did he say that is profound?
It is about 40 years of experience in looking for, drilling, completing wells, producing and selling oil by which I make the ranking that the article is a COS.
Putting it quickly, he did not say anything. He seems to indicate that shale economics will be improved by data analysis and presumes that somehow it will reveal something overlooked. Poppycock. He also seems to indicate that some new technology has been invented that will make shale production generally economic at $60 or so... he does not understand the fundamentals of supply and demand or oil and gas economics or the unique characteristic of shale, cliff-like decline rates, that are to be overcome.
I can’t give you a complete lesson in oil and gas here and now, haven’t the time or the inclination. The article remains a COS though written by an academic pandering for recognition as I see it from where I sit having seen this many times before.
Thanks for taking the time to expand your comments. As for your question, I can’t help because I don’t know enough about the field or the specific issues to rate the article at any level and I will gladly defer to your knowledge and experience when you call it a crock. You’ve added anchor points to keep in mind and I know more about something very complex than I did initially. Thanks for that. All best wishes.