RE:RE:The American Shale Patch Is All About Depletion NowIn spite of the US upstream industry's ability to keep things rolling in shale oil production, the shale oil decline rates and continually shrinking pool of drilling locations must put a cap on shale oil production. My best guess is that US prod will plateau and start to fall off gradually over the next few years. If this is true, then a higher oil price seems likely. But I hear some analysts predicting prices to be in $50 WTI range under the Trump administration. Maybe that will be so, but is hard to see how lower oil price will lead to more abundant oil supply with a resource base that may have already peaked. More likely IMO, oil price will trend higher driven by supply/demand realities, in spite of the policies of the new admin in the US.