GREY:MGXMF - Post by User
Comment by
jimbojimon Jul 26, 2018 2:05pm
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Post# 28372603
RE:RE:Paradox Oil vs Ponzi Shale Oil
RE:RE:Paradox Oil vs Ponzi Shale Oil Siobhan 01;
What amazes me is the rapid depletion rates associng with oil fracking in oil shale. We are looking at depletion rates of 30% per year !
In other words we have to drilldr new well every three years to replace the one we just completed.
The US is not energy independent now and probably never will be.
The same depletion rates also apply for natural gas in the USA, I believe.
The USA may not be so happy selling LNG to Europe, per Trump today.