Imagine how the economy would be doing without that Marxist @sshat in the White Hut.
imho there may be no end to the drilling for a long time but sometime in the next 10-20 years natural gas trains trucks and busses plus electric cars are going to curb demand. But since prices for oil are set globally—that’s not happening soon. What’s more fracking outside the USA in volume won’t take off for imho much before 2020 because the complexity of the process won’t easily transfer. But I could be wrong about that complexity. It may be that after awhile they’ll find it easily reproducible and the opportunities overseas will be more compelling. But right now I don’t read reports of the mid level US companies doing most of the fracking and getting most of the expertise —taking their expertise overseas. For now there’s just too many opportunities apparently here in the USA. But we’ll see.
Bill Bennett had a guy on who’s name escapes me says this Fracking Revolution will be a 50 year ( growth ) event for the economy and if I understood him correctly, maybe the biggest paradigm changer we have seen and it makes you wonder which historical game changing inflection points it may eclipse...
Why is the price of gasoline going up number one and, what about the conflict over water with agriculture??