"Shale oil wells can be drilled in weeks meaning that there is very little time between investment and cash flow. A shale well also costs under $10 million and can’t ruin a company like a billion dollar offshore project."
LOL try telling that to the shareholders of hundreds of shale drillers going bankrupt or seeking chapter 11 as we speak....
If a Company can't make money it matters little if they are onshore or offshore...
Cheers Whisky
Offshore May Never Recover, page-11
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