Geeze. Is this guy full of poop or what.
It’s called the laws of economics. They’re immutable. Get used to it.
The shale oil might bust but the rest of the economy would more forward and upwards.
How so? Sounds logical to me. It costs a lot more to extract oil from shale than to just drill a hole. If the selling cost of a barrel drops below the production cost....then it makes sense there will be less drilling. Operating at a loss is not real good business sense.
He has blanditis - it's a disease where everything you eat turns to "poop" and becomes mentally entwined with one's opinions..