> and is unfortunately almost entirely doomed due to the cost of fracking. Not sure I'm understanding correctly this. Are you trying to say the cost of frackin

> and is unfortunately almost entirely doomed due to the cost of fracking. Not sure I'm understanding correctly this. Are you trying to say the cost of fracking is too high, and the US oil production will go down rapidly? I don't think that's the case. The cost of fracking is not constant, it keeps going down due to technological progress. See for example [1]. Also interest rates have come down lately (because Covid and such), and they'll very likely stay down for a while. This stimulates industrial activity, and Oil and Gas Exploration and Production (E&P) is just such an activity. More precisely, lower interest rates means E&P companies have an easier time rolling over their loans, and also their funding cost is lower. That funding cost is a component of the "cost of fracking". To be honest though, there is no such thing as "cost of fracking". Some analysts talk about this, but if you try to get into details you'll see it's a bit of finger in the air. Here's [2] a handbook put together by the OCC (bank regulator) that explains how the lending in this space is done and risk-managed. There's no such thing as "cost of fracking", and you'd think the oil producers bankers and their regulators would know a bit about this topic. [1] https://www.reuters.com/article/us-usa-oil-electric-fracturing-focus/low-cost-fracking-offers-boon-to-oil-producers-headaches-for-suppliers-idUSKCN1VX112 https://www.reuters.com/article/us-usa-oil-electric-fracturi... [2]https://www.occ.treas.gov/publications-and-resources/publications/comptrollers-handbook/files/oil-gas-exploration-prod-lending/index-oil-gas-exploration-production-lending.html https://www.occ.treas.gov/publications-and-resources/publica...