Dow and S&P 500 close at record highs. Nasdaq surges 1.8% on tech stock recovery

[redsamurai]

oil, schmoil...where i live, a typical, conventional, vertical gas well costs approximately $30,000 to drill and then it takes 3 to 5 years to recover the costs...a typical horizontal well in a marcellus formation costs upward of $10,000,000 to drill and then it takes 12 to 16 months to recover the costs.

read the article I posted, it addresses that.

 

[mrplunkey]

read the article I posted, it addresses that.

Keep squirming, it entertains me.

Just admit you're wrong and move on. It won't kill you or your ponytail.

Fracking is an energy boon like we haven't seen for decades. Much like the Internet (and its associated bubble) propped-up Clinton, fracking is propping-up Barry.

Accept it. Say you're sorry. Move on. It's what real men do.

 

[redsamurai]

fracking is propping-up Barry.
.

This is beyond delusional. You're starting to get into the heavier stuff now aren't you? In any case debate the Bloomberg article not me.

 

[mrplunkey]

This is beyond delusional. You're starting to get into the heavier stuff now aren't you? In any case debate the Bloomberg article not me.

And we keep waiting for Rnchscam to man-up, admit he's wrong and move on.

 

[PICK3]

And we keep waiting for Rnchscam to man-up, admit he's wrong and move on.

waiting

 

[digimon7068]

This is beyond delusional. You're starting to get into the heavier stuff now aren't you? In any case debate the Bloomberg article not me.

the u.s. is actually the number one oil producer in the world again now...

 

[redsamurai]

the u.s. is actually the number one oil producer in the world again now...

yes, for now. The problem with shale is that the wells go dry much quicker. New wells, as you stated previously...are much more expensive than previous vertical wells. A lot remains to shake out. They expect U.S shale production to plateau after 2020

"U.S. output will plateau after 2020 and the nation will lose its top ranking at the start of the 2030s, the IEA said.

“We do not expect this trend will continue after 2020s,” Fatih Birol, the agency’s chief economist, said in London today. “It will come to a plateau and decline as a result of the limited resource base of light tight oil.”


I'm not understating the short term importance of shale production, I'm just questioning the use of the term "massive" to describe something that may peter out in 20 years and unless major advancements in well technology are achieved, will remain very expensive. And maybe this is why the consumer market has yet to see the major benefits of this massive boon to the economy. Because people aren't yet 100% positive where this is going. The article I posted wasn't naysaying shale, it was just pumping the brakes on irrational exuberance. That's something that plunkey isn't going to admit to. He'd rather parrot me, that it was me and not him who shot his mouth off. lols

 

[mrplunkey]

yes, for now. The problem with shale is that the wells go dry much quicker. New wells, as you stated previously...are much more expensive than previous vertical wells. A lot remains to shake out. They expect U.S shale production to plateau after 2020

"U.S. output will plateau after 2020 and the nation will lose its top ranking at the start of the 2030s, the IEA said.

“We do not expect this trend will continue after 2020s,” Fatih Birol, the agency’s chief economist, said in London today. “It will come to a plateau and decline as a result of the limited resource base of light tight oil.”


I'm not understating the short term importance of shale production, I'm just questioning the use of the term "massive" to describe something that may peter out in 20 years and unless major advancements in well technology are achieved, will remain very expensive. And maybe this is why the consumer market has yet to see the major benefits of this massive boon to the economy. Because people aren't yet 100% positive where this is going. The article I posted wasn't naysaying shale, it was just pumping the brakes on irrational exuberance. That's something that plunkey isn't going to admit to. He'd rather parrot me, that it was me and not him who shot his mouth off. lols

tl&r;dr

Man up and move on.

 

[redsamurai]

tl&r;dr

Man up and move on.

Oh I bet it's tl;dr. That's about right for you.

 

[mrplunkey]

Oh I bet it's tl;dr. That's about right for you.

Stop dodging. This is your dare-to-be-great moment and you're really fucking it up badly.

I'm not surprised, but if you crumble under a simple situation like this, you don't have a prayer when a real challenge comes your way.