The rockdoc has no credibility post:
1. Global Shale has heterogeneous geology with never ending learning curve and exponential rising costs.
2. rockdoc: "Increase production from Canada"
Canada is totally broke, 1 step away from Venezuela status:
https://www.rigzone.com/news/wire/exxon ... 8-article/Exxon Hits the Brakes on $1.9B Project
Any decision to resume normal activity will depend on
future government actions and general market conditions, Imperial said Friday.
3. Productivity improvements
See Well Spacing Disaster, equipment breaking down in new shale areas in Argentina (endless learning curve), etc
4. Decline Rate will remain steady
Bzzzt wrong. Already the reports are coming in that Conventional Oil is now in a significantly higher decline rate.
rockdoc has no credibility. He doesn't want to tell you that Conventional Oil Fields will require 100's of trillions in EOR just to maintain existing production plateau. Shale is a total disaster, hence the umpteenth time a KSA IPO is "in the works".
rockdoc's "pals", The
Rockspam and
Coffeeguise have abandoned him.
I'm downgrading rockdoc from
BuzzardMeat to
WormFood.
Outcast_Searcher is a fraud.