Posted By thestatedtruth.com on June 3, 2014
It seems that our oil shale boom could just as rapidly turn into a bust…..
A recent review of North American oil shale operators shows that the major oil shale companies are currently spending $150 in capital expenditures to get a $100 return over the next 5 years. At the same time, these oil shale wells deplete in 3 years. Clearly this doesn’t sound like a pristine business plan for future oil shale growth. Then there’s the environmental aspects of water usage and studies showing a higher chance of earthquakes’ in the shale areas because of fracking. Sounds like many of the the boom towns in the Dakota’s will ultimately become ghost towns of the future……
Sources: Wise Dog Research