{"id":6213,"date":"2015-03-05T06:51:05","date_gmt":"2015-03-05T11:51:05","guid":{"rendered":"http:\/\/olduvai.ca\/?p=6213"},"modified":"2015-03-05T06:51:05","modified_gmt":"2015-03-05T11:51:05","slug":"three-reasons-why-us-shale-isnt-going-anywhere","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=6213","title":{"rendered":"Three Reasons Why US Shale Isn\u2019t Going Anywhere"},"content":{"rendered":"<h3><a href=\"http:\/\/oilprice.com\/Energy\/Crude-Oil\/Three-Reasons-Why-US-Shale-Isnt-Going-Anywhere.html\" target=\"_blank\">Three Reasons Why US Shale Isn\u2019t Going Anywhere<\/a><\/h3>\n<p>Have you ever noticed that during extreme economic cycles, when trends are roaring on the upside, or conversely crashing back down to earth, there often appears an air of extremism in news headlines? Take America\u2019s most recent shale oil boom, and bust, for example. On the way up, you may have seen \u2013\u00a0<em>Why OPEC Could Be Dead in 10 Years<\/em>. Conversely, now you may have read,\u00a0<em>Why It Might Be \u2018Game Over For The Fracking Boom<\/em>\u2019.<\/p>\n<p>In the end, the answer lies somewhere in-between. OPEC, although often plagued with internal discord, will still remain the global defacto 900-pound gorilla of crude, and US producers will continue to find ways to crack shale rock cheaper and more efficiently, immunizing themselves to nail-biting commodity roller coaster dips like what was just experienced. And in 2008 (-55%). And in 2001 (-32%). And in 1998 (-38%)\u2026.<\/p>\n<p>BP, in its recently-released \u201cEnergy Outlook 2035\u201d, predicts OPEC\u2019s market share will return to approximately 40 percent of global demand within 15 years, up from 33 percent today, which is what all this fuss is about anyway.<\/p>\n<p><a href=\"http:\/\/oilprice.com\/Energy\/Oil-Prices\/No-Real-Oil-Price-Relief-Until-Q3.html\"><strong>Related:\u00a0No Real Oil Price Relief Until Q3<\/strong><\/a><\/p>\n<p>Here are 3 reasons why America\u2019s shale will continue to produce going forward:<\/p>\n<p><strong>1. Oil companies, both large and small, have seen what is possible.<\/strong><\/p>\n<p>In 2004, Texas oilman George Mitchell made hydraulic fracture stimulation commercially viable by unlocking the right combination of water pressure and lubricants to allow oil and gas to predictably flow from dense shale to the wellbore. A decade ago, producers believed shale held vast oil and gas resources, but to what extent they could be developed had not been determined. Until now.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Three Reasons Why US Shale Isn\u2019t Going Anywhere Have you ever noticed that during extreme economic cycles, when trends are roaring on the upside, or conversely crashing back down to earth, there often appears an air of extremism in news headlines? Take America\u2019s most recent shale oil boom, and bust, for example. On the way [&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":[89,1675,2684,1561,505,588,600,723,3774,3928],"class_list":["post-6213","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-boom-and-bust","tag-economic-cycles","tag-energy-outlook","tag-extremism","tag-market-share","tag-oil","tag-opec","tag-shale-oil","tag-shale-oil-boom","tag-shale-oil-bust"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6213","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=6213"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6213\/revisions"}],"predecessor-version":[{"id":6214,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/6213\/revisions\/6214"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}