[P-Marlowe]

Does that mean that if someone were to find a huge conventional oil find, like they just found in the gulf, that this could conceivably shut down a lot of the current shale boom?

[ckilmer]

Does that mean that if someone were to find a huge conventional oil find, like they just found in the gulf, that this could conceivably shut down a lot of the current shale boom?
..........
imho the answer is no. Its expensive to extract oil from the gulf.

[thackney]

Does that mean that if someone were to find a huge conventional oil find, like they just found in the gulf, that this could conceivably shut down a lot of the current shale boom?

You would have to first show me the field you are talking about, but i think there is no way any find could possibly impact that production.

We import 7.8 million barrels a day. A large offshore field might produce 0.1~0.2 million barrels a day.