Originally Posted by
digger
That is what happens world wide. Exploring will become prohibitive and the globe will be relying on what fuels are in the pipeline. Remember this tight oil depletes in about three years or less so drilling must never have a break or the system collapses. We also need to remember that at $60 or less we have peak oil,at $100 plus we have a glut.
There will be lots of CEO's sharpening their pencils on whether to drill or not in the near future,and enough will not go ahead to guarantee a shortage in the future.But I think it will take a year or two.