2 ms·
I see your point, but that's not what I mean by 'no profit' in that specific case. I mean in comparison with traditional oil drilling, which is (was) a filthy r
by BlueTemplar 6y ago
I see your point, but that's not what I mean by 'no profit' in that specific case. I mean in comparison with traditional oil drilling, which is (was) a filthy rich industry.
- leereeves 6y agoTight oil can't be profitable while OPEC has significant conventional oil extraction, because when US tight oil extraction is profitable, OPEC produces more to lower the price. But its existence prevents OPEC from strangling the US economy too much, until we can transition to other energy sources.