Monterey Shale Estimate Cut by 96%

Skybird · 05-27-14, 04:35 PM

http://www.bloomberg.com/news/2013-1...year-high.html

^ That was half a year ago.

Since then, several legend investors like Warren Buffet have cast doubt son the hopes fgor shale gas becoming the hoped-for success story, and refused to invest in it. Also, since summer or autumn last year, oil companies' investments into fracking have seen dramatic reductions that have mostly went unnoticed by public media - which instead focussed on stories about Saudi Arabia feeling threatened by the coming flooding of the oil market with American oil.

I always expected the fracking outlook to be exaggerated, but to nevertheless being able to provide a substantial outlook at least for Amerian energy demands. But I was thinkling baout cuts in numbers and perspectives by maybe one half or so.

A reduction of expectations - for profitable oil production - by 96% from is praxctically a game chnager and outs the whole thing into question. Possibly a bubble blown up to size intentionally to fetch the cream from investors' money and then trying to get out of Dodge with the prey.

05-27-14, 04:35 PM	#7
Skybird Soaring Join Date: Sep 2001 Location: the mental asylum named Germany Posts: 42,620 Downloads: 10 Uploads: 0	http://www.bloomberg.com/news/2013-1...year-high.html ^ That was half a year ago. Since then, several legend investors like Warren Buffet have cast doubt son the hopes fgor shale gas becoming the hoped-for success story, and refused to invest in it. Also, since summer or autumn last year, oil companies' investments into fracking have seen dramatic reductions that have mostly went unnoticed by public media - which instead focussed on stories about Saudi Arabia feeling threatened by the coming flooding of the oil market with American oil. I always expected the fracking outlook to be exaggerated, but to nevertheless being able to provide a substantial outlook at least for Amerian energy demands. But I was thinkling baout cuts in numbers and perspectives by maybe one half or so. A reduction of expectations - for profitable oil production - by 96% from is praxctically a game chnager and outs the whole thing into question. Possibly a bubble blown up to size intentionally to fetch the cream from investors' money and then trying to get out of Dodge with the prey. __________________ If you feel nuts, consult an expert.