Even if all drilling for shale stopped now and the price of oil dropped to (say) 40 USD/barrel the shale oilers would still keep pumping so long as the cost of pumping was less than 40 USD/barrel. Because of the high decline rates some wells could become unproductive within months
Why oil decline could get ugly again soon
CNBC - 49 mins ago
Still drilling at four-decade highs, the U.S. oil industry could help drive another price collapse in crude this ...
Electric cars could cut oil imports 40% by 2030, says study ...
www.theguardian.com › ... › Electric, hybrid and low-emission cars
7 hours ago - Comments. 0. Electric cars could cut the UK's oil imports by 40% and reduce drivers' fuel bills by £13bn if deployed on a large scale, according to a new study.
End of oil era, page-6
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