Quote from: RE on Aug 29, 2024, 12:07 AMThe company argues a rapid decline in production, especially from unconventional sources like shale, could lead to severe energy shortages and price hikes.

As predicted, the low prices are making the fracked oil uneconomic, so the oil companies are trying to jawbone up more investment.

LTO exploded in the US starting in 2010 or so... at $75/bbl wti through $100/bbl in 2014. Then prices collapsed. And then the 2nd wave of LTO kicked off in the Permian in particular post 2015 and that was all an explosion at <$70/bbl.

So...as $50/bbl doesn't make LTO uneconomic, and some of the only available research on the topic sure seems to indicate that while with more price there is more oil, there is no sharp break in activity at one price or another, matter of fact it is a typical economic scale...less price certainly should generate less supply, as higher price generates more.

There is no on/off switch, it is a graduated scale of more, or less, economic.

Quote from: REAt some point in the not too distant future, Rock will meet Hard Place.  Stay Tuned.

Been tuned in since alt.newsgroups and ROE...."not too distant" has been going on for decades now...we can all continue to hope and pray that "not too distant" isn't another 20 years or all us old farts might miss the excitement!