THE SHALE OIL FRACKING SCAM: Not only is fracking an environmental disaster, THE PROFITS FALL FASTER THAN A LEAD BALLOON YEAR BY YEAR. David Hughes has complied several recent studies based on a massive database of production results on a play-by-play basis of AMERICAS SHALE BASINS. The data show that DECLINE tend to be hyperbolic in all shale fields. The average FIRST YEAR DECLINE is 70%; down to 85% by year three. And were drilling the best plays first: meaning future ones will yield less even under the best results. ARTICLE: Shocking Data Proves Shale Oil Is Massively over-Hyped America is pinning its oil independence on faulty data
Posted on: Tue, 16 Dec 2014 09:04:28 +0000
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