Episode 61: In this episode we discuss the actual cost of pumping oil- it’s a lot lower than you think. We also discuss the concept of taking things to the limit, to weed out emotional responses. In particular we look at North Dakota’s history of shale oil fracking & horizontal drilling.
The final take away for today is to be aware of the consequences of imbalance- Oil has plunged some 45%, not because the cost structure has changed, but because there is an imbalance between supply & demand.
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