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The Forum > Article Comments > Why is the shale industry still not profitable? > Comments

Why is the shale industry still not profitable? : Comments

By Nicholas Cunningham, published 2/2/2018

Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that 'despite rising prices most firms under our study are still in losses with no signs of improvement'.

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The proof of the pudding is in the eating not the competition's speculation.

In any event, I believe most oil production is living on borrowed time, including that of the willfully blind Russians, who are and have been clearly using their gas and oil as an economic weapon!

To them and their ilk, we need to say thus far and no farther! And crack on developing the 1.8 trillion barrel reserve at Edmonton even if we have to deploy thorium nuclear power to melt it and make it economical to recover for asphalt, heavy industrial lube. And what we can't make from seawater as sustainable and perfectly suitable alternatives to pumped from the ground fuel types!

And I dare say, if thorium is deployed to convert seawater to ready to use liquid or portable fuel/gas? At retail prices none of the current suppliers of fossil fuel, will be able to undercut and still make even as much as 0,05% return?

Burn seawater? Yes we can!

Manufacture and drive fully electric vehicles? Yes we can!

Manufacture and drive, laser activated, thorium powered vehicles, that only ever need refueling once every century? At around $100.00 a refuel? Possibly?

Give us almost any of the latter, both real and imagined; and the very last thing any oil producer will need to worry about is, the alleged or imagined cost of recovering tight oil and gas!
Alan B.
Posted by Alan B., Friday, 2 February 2018 9:04:27 AM
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