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Monday, June 17, 2013

Another Article Looks at the Question of Shale Oil's Longevity

From The Motley Fool:
Many experts have hailed shale oil and gas as a game-changer for the U.S. economy. The application of new drilling techniques has led to an unprecedented surge in domestic oil production, prompting many to conclude that U.S. energy independence may be just around the corner.
But shale oil, like most other natural resources, is a finite resource. Some skeptics have even pointed out that shale wells exhibit much steeper decline rates than conventional wells, which, they suggest, implies that the boom could fizzle out much sooner than mainstream commentators believe.
So just how long could shale oil last?
To read more, click here. 

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