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The Biggest Red Herring In U.S. Shale

The Biggest Red Herring In U.S. Shale Rig productivity and drilling efficiency are red herrings. A red herring is something that takes attention away from a more important subject. Rig productivity and drilling efficiency distract from the truth that tight oil producers are losing money at low oil prices. Pad drilling allows many wells to […]

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Drilling Efficiency To Keep Oil Prices Low

Drilling Efficiency To Keep Oil Prices Low Economics 101 tells us that prices in a free market are set by the interaction of supply and demand. The world oil markets have gotten a graphic lesson in that truth over the last year, as the dramatic surge in US oil production has met stagnant demand. This, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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