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To: Poison Pill

Extraction cost for shale oil will fall as the technology matures.

The cure for high prices is high prices.

Innovation is the path to riches. Finding a way to do it cheaper will lower cost as it always has.


87 posted on 08/29/2022 2:27:57 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spiritI)
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To: Pontiac
Extraction cost for shale oil will fall as the technology matures.

Fracking is a mature technology. It has been in commercial use since 1950. That there is going to be a real breakthrough in a 75 year old technology that halves the cost from here is just an appeal to hope. And even if that breakthrough comes to pass, you still have to find another 5 fields of the same size to cover the 3% year over year GDP growth for the next 40 years that we all need just to stave of system collapse.

90 posted on 08/29/2022 3:30:14 PM PDT by Poison Pill
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