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No it proves my argument,e by e market works. No one should be investing in shale oil right now. And when we need shale oil, it will be there waiting.
by valuearb 7y ago
No it proves my argument,e by e market works. No one should be investing in shale oil right now. And when we need shale oil, it will be there waiting.
- angry_octet 7y agoThey are going bankrupt. A boom bust cycle is not the most efficient way to operate, and lots of marginal value taps with poor engineering and amateur boom operators leads to massive fugitive emissions. Your investment timeline is myopic.
- valuearb 7y agoIt is literally the most efficient way to operate. Very quickly massive resources of investment and labor are redirected into areas that are much more valuable in a low energy cost world. Keeping zombie companies operating for no value is damaging to the economy.