Re:United removes first-class passenger to make room for 'hi...
by davidf18 on Thursday April 13, 2017 @11:24AM
(#14107742)
> "Since the oil price crash, investment in exploration has gone down dramatically, so I would argue the contrary...."
The fracking technology for oil and gas is still on it's Moore's Law curve and is getting cheaper and cheaper so in fact more and more fracking is coming on-line so that we're unlikely to see prices much above $50 per barrel.
Re:United removes first-class passenger to make room for 'hi...
by bmh_ca on Sunday April 16, 2017 @09:32AM
(#14125719)
Good point. It just occurred to me that the spectre of shale that you highlight also counter-incentivises exploration, perhaps more so than alternative energy.
The fracking technology for oil and gas is still on it's Moore's Law curve and is getting cheaper and cheaper so in fact more and more fracking is coming on-line so that we're unlikely to see prices much above $50 per barrel.
Mar 21, 2017 https://www.bloomberg.com/news/features/2017-03-21/big-oil-s...
April 12, 2017 https://www.bloomberg.com/view/articles/2017-04-12/u-s-shale...