re: ‘Drill, Baby, Drill!' Will Secure American Prosperity For The Twenty First Century

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But, if it's unconventional/difficult to extract and requires a shite ton of investment, maybe we aren't going to drill our way to independence.

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That’s the thing. The break even and profitability price points we’re seeing in places like the Permian aren’t going to stay at those levels forever. As we move from this “easy” top-tier acreage, we’re going to have to move to more challenging, costlier to produce, and either they will require price per barrel points that are higher than what companies like for our current top tier fields, or, technology will have to progress so that the price point isn’t much higher.

Keep in mind inflation will always happen too, it’s just a matter what that rate is, but that affects materials from pipe and facilities to rigs to personnel.