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Permalink Reply by Jim Litwinowicz on March 13, 2015 at 10:59am

Interesting article.  Lots of good stuff about the methodology. 

Here's another explaining why oil and gas prices will remain low for several years, at least.

http://www.forbes.com/sites/markpmills/2015/03/12/oil-glut-more-sur...

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Permalink Reply by Frank Walker on March 13, 2015 at 5:23pm

This is "par for the course" Harvard crapola.  I would have much more respect for Mr. Shaw, and his opinions, if he did not believe in the global warming myth . . . and if he were anywhere else but at the very pernicious Harvard University.  The place is a dump, a home for fools and jackasses. 

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Permalink Reply by INVICTUS on March 14, 2015 at 4:54pm

I read this article and don't have a problem with either its style or broad conclusions. Yea, the political flavoring does show its obligatory face at the end; overall, a pretty reasonable (And overall somewhat favorable) impression of what is truly, finally, a game changer in putting away "peak oil" discussions, at least for now.

When I was a kid in school, In science class we had the ability to get weekly little newspaper pamphlets for about fifty cents a school year, I think. It was always a way to get kids interested in contemporary science news stories and assist the teacher with lesson plans or discussion topics for the day or week. These would be delivered to us in class.

Anyway, I kept some of these into adulthood, what Mom and dad didn't throw out when cleaning out my shelves of junk, baseball cards, whatever.

Some of these article are from the Mideast oil crisis times (1970's) and ways that industry and government would research to create alternative ways to find oil in this country.

That's when I first heard the term "shale oil". I would imagine them digging up mountains of shale and crushing the rocks - oil would squeeze out of the rock like juice out of an orange.

Clearly I didn't understand the process or really the idea of "tight formations" then, just a kid in school who liked science; Yet the term "shale oil' was forever imprinted upon my memory.

Now we see exploration go from the scrappy little seeps and pathetic slower-to-recharge traditional wells to  - the Mother Lode! Where the stuff was actually brewed up in the depths of the planet..

Anyway, we are in momentous times regarding energy and sometimes it's just interesting to sit down and reflect upon the timeline of this crazy industry.

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