Leanan wrote:
The link is working for me now. And well worth checking out. The comments are as interesting as the article.
I particularly liked Kyle's point, about the difficulty of finding enough new fields to make up for the depletion of more and more existing fields. It gets harder, not just because there are fewer to find, but because you have to make up more and more wells. The classic pyramid scheme problem. When 80% of the neighborhood is selling Amway, it's a lot harder to find customers.
If it follows the classic pyramid scheme unwinding, things will get progressively worse - at an accelerating rate - until the whole scheme completely falls apart.
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