Peak Oil will not be fun, but new technology will dull the impact significantly by making shale plays practical—as well as improving recovery from older reservoirs.
http://valueinvestorcanada.blogspot....e-altered.html
Quote:
|
Regardless of new discoveries, Papa believes the next phase over the next decade will be in recovering a higher percentage of the hydrocarbons trapped in the rock. As an example, he illustrates that in the Barnett's Johnson County in North Texas, five years ago the recovery factor was 10%. Today it routinely exceeds 40%.
|
Billions of Barrels: the Impact of Shale Oil and Gas in the US
Linear Mode
