Shale Oil Is More Likely To Boom Than Peak

December 19, 2024/in /by Rudolf Huber

People have weird ideas about oil and gas. At best they often think that having oil in the ground is a road to riches. They rarely ever think about the logistics of oil and that having it in one spot rather than another makes a difference in profits (or not). But there is more. Oil is not oil. There are different kinds of reserve structures, different depths, different crude compositions, and different undesirables (stuff you don’t like in the oil) – it’s a complex picture. And this means that some perfectly conventional oil fields are not economically viable while other unconventionals make money in almost any market. Shale is plentiful, it’s in the market, and it’s technologically mature. It won’t go away.

Arguments that shale oil production is near a peak are flawed and another boom is more likely than a decline.

Forbes

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I met Rudolf at the beginning of 2011, since we were both involved and working together within several European / Scandinavian projects for the development of technology, standardisation and legal aspect in the use of LNG as marine fuel and along its supply chain. Rudolf has vast expertise in, and perspective on, different aspects of LNG technologies, suppliers, infrastructures and supply chain options. He is able to provide a deep understanding and insight into these areas and is a conscientious and diligent source. Moreover, he is a tremendous visionary on the geopolitical, trading and technology aspects of energy, with a special remark for LNG traditional and small / mid magnitude chain. Rudolf has very proactive personal and working approach and is an excellent team worker and leader. Not least, he has a unique persuasive way of writing, negotiating and delivering speeches. I would certainly recommend him as an excellent expert and believe he would be a powerful asset for any company actively working in Oil and Gas. Thank you Rudolf! Marco

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