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2018-06-22 Economy

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Posted by Besoeker 2018-06-22 05:58|| || Front Page|| [5 views ] Top

#1 It cheers me that the Bedouins have nearly exhausted their low hanging fruit, petrologically speaking. As we get better at getting at the hard to get at stuff here and use it more efficiently big changes will follow.

Posted by M. Murcek 2018-06-22 06:45|| 2018-06-22 06:45|| Front Page Top

#2 Don't look now but the aforementioned big changes are already here.

The North American continent achieved net energy independence this year and by the next campaign season Trump may well be able to run on the idea of imminent (or achieved) US energy independence. Full cycle cost in some shale fields is less than a third of what it was five years ago (and dropping). Increasingly the problems are that there's so much oil the infrastructure doesn't exist to move it from the fields to market and materials can't be delivered fast enough to complete new wells at the pace they're being drilled.

Imagine what might happen when the nation whose military guarantees global stability suddenly finds that it no longer needs the rest of the world for anything critical.

Posted by Lampedusa Peacock6186 2018-06-22 19:55|| 2018-06-22 19:55|| Front Page Top

#3 Interesting times, indeed, Lampedusa Peacock6186.

Posted by trailing wife 2018-06-22 21:06|| 2018-06-22 21:06|| Front Page Top

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