The finance scenario that the writer outlines has already taken effect.
The number of lease drilling approvals for fracking sites has fallen
by 40% from October to November.
Because drilling has to be continuous to keep production level then a
decline in tight oil production of 40% is inevitable.
That of course implies no further reduction in drilling in December.

As many said the fracking drilling always was a Ponzi scheme.

The warmist/alarmist/coolist taught me at school that there would be no oil left by 2000. Like economist they have not a clue.

Nope! Usually the other way round!
Rhrosty.

The impact on energy investors is just one aspect of the fall in oil price and its effect on energy prices in general. As Christine Lagarde of the IMF has pointed out, lower energy prices have the nett effect of raising GDP. This is a consequence of the multiplier effect that energy has on human productivity. So one could easily imagine that lower energy prices could trigger a burst in economic growth and the positive consequences that could flow from that. So it's not all gloom and doom, though obviously there will be some losers.

This bloke really does sound like Hanrahan. If oil prices go up "We'll all be rooned". If they go down, "We'll all be rooned". If they find too much shale oil, "We'll all be rooned", but if they stop drilling shale oil, "We'll all be rooned".

It really is Nicholas, time to make up your mind. Trying to have it all ways, because you don't like oil, makes you little better than a boy crying wolf.

Runner, well actually it was 2005, but tight oil obscured the peak.
So as tight oil declines it will reveal the conventional oil position.
The fall in price has been caused by a decline in demand in the OECD countries.

Hasbeen, actually he might be right, we will will be "rooned" no matter what happens.
Read an article the other day about how the "developing countries"
will not become like the "developed countries" but rather the "developed counteries"
will become like the "developing countries" !
That might cheer you up !

I know you are skeptical about alternative energy systems and it seems
that you are spot on. It appears tht the ERoEI of solar and wind
systems is around 5 so that it is impossible for an energy system at
that level to either construct itself or probably even maintain itself.