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re: Oil and gas folks please explain the whole oil /gas scarcity thing to me

Posted on 4/10/24 at 2:24 pm to
Posted by redstick13
Lower Saxony
Member since Feb 2007
38685 posts
Posted on 4/10/24 at 2:24 pm to
Green River formation is the largest known in the world and it sits square in the U.S.
Posted by The Goon
Baton Rouge, LA
Member since Nov 2008
1253 posts
Posted on 4/10/24 at 3:40 pm to
quote:

Green River formation is the largest known in the world and it sits square in the U.S.


I did not know this. I read a bit about production methods that are being tested and this seems beyond challenging. Payoff seems incredible, though, with breakeven costs at $25 BOE.
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