RE: More shale fail8 Nov 2019 15:05
Godders - I don't think it is "still going strong".
What apparently is happening is that it appears to be going strong, but underneath, it's going pretty badly.
One theory I read is that the US shale myth started when the US in particular wanted to unseat Putin, without going to war.
It was during the period after the Litvinenko murder, and then the Ukraine/Crimea troubles, the MH17 tradegdy (when very many Dutch passengers were killed), the Salisbury nerve agent attack, etc., etc..
You'll remember that the PoO briefly fell to about $26 and it was anticipated that if the PoO could be forced and held down for long enough, someone, more acceptable to the West, would push Putin off his throne, as the economic problems in Russia grew.
Well that didn't happen, but the collapse in PoO was due to many factors, and its steep and unexpectedly sudden fall in 2014 was probably no accident (just at the time when activities around the FI looked as though they were about to take off)
Putin's still there, but you can be reasonably sure that the "inexhaustible, cheap" shale reserves in the US have cost investors vast sums and were never really going (or intended) to be the answer to the energy needs of the US.
In those 5 years, we've sat here watching our project unravel.