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Re: Shale Pioneer John Hess Says Key U.S. Fields Starting to Plateau 

By: Decomposed in POPE 5 | Recommend this post (1)
Fri, 07 Feb 20 2:34 PM | 22 view(s)
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Msg. 51204 of 62138
(This msg. is a reply to 51192 by capt_nemo)

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Peak oil is real.

Sorry guys, but I've been right on this all along. The only reason fracking has upped U.S. oil production is because the fracking companies have been subsidized by falling interest rates. The wells themselves don't pay for themselves, but the companies keep taking out cheap loans. When interest rates rise and the free money goes away, the good times in the fracking industry are going to end. To the best of my knowledge, not one of the fracking companies are long-term viable.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Shale Pioneer John Hess Says Key U.S. Fields Starting to Plateau
By: capt_nemo
in POPE 5
Fri, 07 Feb 20 9:03 AM
Msg. 51192 of 62138

http://thesoundingline.com/clink/shale-pioneer-john-hess-says-key-u-s-fields-starting-to-plateau/


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