[Lorianne]

Yes, but the article is about peak cheap oil, not peak oil. (as in an absolute last drop scenario).

Why does no one want to talk about that?

[conservatism_IS_compassion]

Peak cheap oil is an entirely unexceptionable concept, requiring no discussion. All it means is that whatever cheap oil is produced will be very profitable, because the price is set at the margin - and the marginal barrel of oil is expensively produced by horizontal drilling and fracking.

[conservatism_IS_compassion]

It is also worth remarking that the production of “tight” oil and gas from shale used to be impossible and now is merely expensive. What is the guarantee that experience will not show the way to substantially reduce the cost of fraccing? It is normal for that to occur.