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Re:In an Oil Boom Town, Even a Barber Can Make $180k by whatshisface on Monday April 01, 2019 @03:04PM (#19546902)
Shale is not going to last for much longer. Halliburton has already started the layoffs.
Re:In an Oil Boom Town, Even a Barber Can Make $180k by the_economist on Monday April 01, 2019 @03:28PM (#19547192)
Some estimates say that 90% of earth's oil is in shale rock.
Re:In an Oil Boom Town, Even a Barber Can Make $180k by jandrese on Monday April 01, 2019 @03:42PM (#19547353)
Maybe, but we can't use it without killing the planet. We've already burned too much oil.
Re:In an Oil Boom Town, Even a Barber Can Make $180k by philwelch on Monday April 01, 2019 @04:19PM (#19547756)
Petroleum has many uses that don't involve burning it as fuel.
Re:In an Oil Boom Town, Even a Barber Can Make $180k by whatshisface on Monday April 01, 2019 @04:33PM (#19547914)
According to this Wikipedia page[0], 81% of every barrel of oil is used for fuel. Although dropping to 1/5th size is not the same as going away, it won't be a very enjoyable ride. The picture might get even worse for petroleum as a chemical precursor once the economies of scale supported by fuel use go away.

[0]https://en.wikipedia.org/wiki/Petroleum_product

Re:In an Oil Boom Town, Even a Barber Can Make $180k by bluGill on Monday April 01, 2019 @04:41PM (#19548003)
Yes and no. Yes there are a lot of uses, but they amount to a small amount of our current oil use. If I read https://www.eia.gov/tools/faqs/faq.php?id=41&t=6 right 75% of crude oil is burned directly as fuel.

edit: note that my numbers are different than the wiki below. I suspect that is because of a difference in what counts for what...

Re:In an Oil Boom Town, Even a Barber Can Make $180k by numtel on Monday April 01, 2019 @04:32PM (#19547912)
It's the extraction process that's the problem with shale, moreso than the burning of the gas.
Re:In an Oil Boom Town, Even a Barber Can Make $180k by jeffreyrogers on Monday April 01, 2019 @04:44PM (#19548027)
Shale oil and oil shale are different things. You're talking about oil shale, which the US has a ton of, but it is not currently economically viable, but could be in the future. Shale oil is different and is recovered by hydraulic fracturing. It can be economically viable depending on the quality of the deposit.