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To: Ben Ficklin

How much is there in the ground? It’s such an incredible procedure that it boggles the mind.

Seems like it would cost FIVE HUNDRED a barrel to extract.

I have to marvel at the genious in this country that obama is trying to destroy.

Will the shale deposits be around for the distant future, in your opinion?


20 posted on 08/04/2016 2:53:52 AM PDT by dp0622 (The only thing an upper crust conservative hates more than a liberal is a middle class conservative)
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To: dp0622
All oil bearing formations begin depleting when the first drop of oil is removed from the formation.

No doubt the producers will improve their techniques, but it is inevitable that the shale formations will deplete.

Meanwhile, the cost of renewable energy continues to fall. Everytime you double the number of solar panels, the price of solar power falls by 26%. Everytime you double the number of windmills, the price of wind power falls by 17%.

23 posted on 08/04/2016 3:30:13 AM PDT by Ben Ficklin
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