[Dr. Frank fan]

They also forgot to mention the oil industry report last week that the oil industry won’t be able to meet demand over the next two decades. This industrial process will cost more than simply producing oil from wells.

If the oil industry can't meet demand, won't prices rise, and thus, couldn't shale become viable, despite its higher production costs?

[RightWhale]

The deal is this: production cost will be lower for pumping oil out of the ground. The process won’t beat that, ever.

[theBuckwheat]

>>
They also forgot to mention the oil industry report last week that the oil industry won’t be able to meet demand over the next two decades.
<<

There is probably not a single twenty year period in the history of the oil industry where this would have been true.

Indeed, it is just a vapid worry, as long as a free market is allowed to function. Even today, when you can have all the gasoline you want to buy at $3.00/gal, the industry could not meet the demand if government forced the price down to $1.00/gallon.