Another Permian Basin Peak Oil Prediction… Yawn.
There is value in not having to transport the stuff from the ends of the world to the US. There is value in spending US money in the US to support US jobs that in turn produce consumption in the US in turn enhancing the industrial output of the country and so forth. Normal oil economics don’t apply to shale. How many times has shale been crossed off the list – and it’s still getting bigger. Who listens to those naysayers?