Energy Crisis? Maybe.
There are several questionable preconceived notions that seem to color general perceptions about where the price of energy resources (especially oil) is…
Similar ideas popular now
Beyond the basic questions about whether US shale can deliver on the volumes expected to fill the world's energy demands, enduring questions remain about whether a crude that is so light has the ability to fill the demand for heavier fuels (e.g. diesel, jet fuel, heating oil), which has been growing unabated.
Shale operators are looking to consolidate and show fiscal discipline so that M&A can progress in the sector, which means they will be drilling fewer wildcats and more infill. This will likely move production forward in the near term at the expense of faster depletion. These fields are going to be hurting in a year or two.