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There are some question marks on how sustainable the US oil boom is as the extraction methods are quite capital intensive. We are at historic low capital price and have a fairly high oil price and still the profitability picture is not pretty.

To dig deeper see: https://wolfstreet.com/2018/08/15/shale-profits-remain-elusi...



And also much more water intensive, a problem in regions under water stress already:

"Water use for fracking has risen by up to 770 percent since 2011"

https://www.sciencedaily.com/releases/2018/08/180815141441.h...


Oil and Gas producers are also facing severe price discounts due to a lack of pipeline capacity in the United States[1]. One could argue that as more pipelines come on line, shale producers will start to see significantly more profits.

[1]: https://oilprice.com/Energy/Energy-General/Permian-Discount-...


One could argue that shale producer profits would be limited by efforts to restrain additional pipeline deployments.


So is most of the new oil coming from shale then? Or is a lot of it coming from hydraulic injection (fracking)?


Fracking is the technology used to extract shale oil and gas.


fracking is used to get oil from shale. FYI.




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