{"id":2101,"date":"2014-11-26T16:37:32","date_gmt":"2014-11-26T21:37:32","guid":{"rendered":"http:\/\/olduvai.ca\/?p=2101"},"modified":"2014-11-26T16:37:32","modified_gmt":"2014-11-26T21:37:32","slug":"19-us-shale-areas-that-are-suddenly-endangered-the-shale-revolution-doesnt-work-at-80-zero-hedge","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=2101","title":{"rendered":"19 US Shale Areas That Are Suddenly Endangered, &#8220;The Shale Revolution Doesn&#8217;t Work At $80&#8221; | Zero Hedge"},"content":{"rendered":"<p><a href=\"http:\/\/www.zerohedge.com\/news\/2014-11-26\/19-us-shale-areas-are-suddenly-endangered-shale-revolution-doesnt-work-80\">19 US Shale Areas That Are Suddenly Endangered, &#8220;The Shale Revolution Doesn&#8217;t Work At $80&#8221; | Zero Hedge<\/a>.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">Despite the constant blather that lower oil prices are &#8220;unequivocally good&#8221; for America, we suspect companies working and people living these 19 Shale regions will have a different perspective&#8230;<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><strong>Drilling for oil in 19 shale regions loses money at $75 a barrel<\/strong>, according to calculations by Bloomberg New Energy Finance.\u00a0<strong>Those areas pumped about 413,000 barrels a day<\/strong>, according to the latest data available from Drillinginfo Inc. and company presentations.<\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141125_shale.jpg\"><img loading=\"lazy\" decoding=\"async\" style=\"max-width: 100%; height: auto; border: 0px initial initial;\" src=\"http:\/\/www.zerohedge.com\/sites\/default\/files\/images\/user3303\/imageroot\/2014\/11\/20141125_shale_0.jpg\" alt=\"\" width=\"600\" height=\"437\" \/><\/a><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\">\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><strong><em>\u201cEverybody is trying to put a very happy spin on their ability to weather $80 oil, but a lot of that is just smoke,\u201d\u00a0<\/em><\/strong>said Daniel Dicker, president of MercBloc Wealth Management Solutions with 25 years\u2019 experience trading crude on the New York Mercantile Exchange.<strong><em>\u201cThe shale revolution doesn\u2019t work at $80, period.\u201d<\/em><\/strong><\/p>\n<p style=\"margin-top: 0.25em; margin-bottom: 0.75em; display: block;\"><em style=\"text-decoration: none; color: #1e439a;\"><a style=\"text-decoration: none; color: #1e439a;\" href=\"http:\/\/www.bloomberg.com\/news\/2014-11-20\/oil-at-75-means-patches-of-texas-shale-turn-unprofitable.html\">Source: Bloomberg<\/a><\/em><\/p>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>19 US Shale Areas That Are Suddenly Endangered, &#8220;The Shale Revolution Doesn&#8217;t Work At $80&#8221; | Zero Hedge. Despite the constant blather that lower oil prices are &#8220;unequivocally good&#8221; for America, we suspect companies working and people living these 19 Shale regions will have a different perspective&#8230; Drilling for oil in 19 shale regions loses [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[592,723,724],"class_list":["post-2101","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-price","tag-shale-oil","tag-shale-revolution"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2101","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2101"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2101\/revisions"}],"predecessor-version":[{"id":2102,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/2101\/revisions\/2102"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}