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overtheedge
Member since May 2012
680 commentaries - 6 followers

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Epic Disappointment

- James Howard Kunstler -

It isn't quantity that matters, such as Keathly Canyon, but costs and transporting it to market. Keathly is 250 miles south of New Orleans. How can anyone move enough of this oil fast enough to make a market difference?

The shale oil/gas play might be facing a serious problem. Shale is tight, so the economic volume might not exist and the fields become depleted far faster than imagined. And yes the future yield curve is imagined.

Cheap energy is over. Deal with it.

Commented 4174 days ago

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Beginning of the headline :Those inhabiting the economic wish-space got a case of the vapors last week when the Paris-based International Energy Agency (IEA) published an annual report stating that the USA would overtake Saudi Arabia as the world's leading oil producer and reach the long-touted nirvana of "energy independence... Read More

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