Shale Oil: Expensive, Over-Hyped, & Short-Lived

Saturday, November 15, 2014
By Paul Martin

by Tyler Durden

The mainstream press has faithfully repeated every press and PR statement made by the shale producers. And if you simply followed the headlines, you might even believe this about the US: It is soon going to be energy independent; Its oil production will surpass even Saudi Arabia putting it in the number one spot, and The US will even be exporting oil again like the days of old. The only problem with this story is that it is misleading in some very important ways. And entirely false in others.

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