Zombie Oil ?

Euan Mearns on Energy Matters posted the following

The current “low oil price crisis” is providing a clear and new perspective on the nature of the peak oil problem. If low price does indeed destroy high cost production capacity then this will raise the question if the high cost sources can ever be brought back? IF low price kills the shale industry can it come back from the dead? (my bolding)

So if shale comes from the dead will it join Peak Oil and become Zombie Oil?


About Louis Hissink

Retired diamond exploration geologist. I spent my professional life looking for mineral deposits, found some, and also located a number of kimberlites in NSW and Western Australia. Exploration geology is the closest one can get to practicing the scientific method, mineral exploration always being concerned with finding anomalous geophysical or geochemical data, framing a model and explanation for the anomaly and then testing it with drilling or excavation. All scientific theories are ultimately false since they invariably involved explaining something with incomplete extant knowledge. Since no one is omniscient or knows everything, so too scientific theories which are solely limited to existing knowledge. Because the future always yields new data, scientific theories must change to be compatible with the new data. Thus a true scientist is never in love with any particular theory, always knowing that when the facts change, so too must he/she change their minds.
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