The world has become accustomed to ever-increasing production from U.S. shale reservoirs. As you can see in the chart in the next section production from these tight reservoirs has increased six-fold over the last ten years. It surprised everyone as it grew. Now it’s about to surprise everyone with the rate of its decline. In this article we will discuss some of the fundamental flaws and misconception the market has about the ability of shale to continue to grow. We will compare and contrast shale reservoirs with the conventional reservoirs that have traditionally supplied most of our energy needs, as well as the reasons why they have been under-funded for the last half-decade. Finally, I will offer a look a little bit down the road for the energy markets as these realities set in. Shale reservoirs Here is a little bit of shale-history. In the early 2000’s fracking technology […]