Peak big oil? – headlines
•Despite boom, higher costs push Big Oil into slump •Shale Plays Not Working For Big Oil •Shale-Boom Profits Bypass Big Oil •Big Oil would henceforth like to be known as Not-Really-Big-But-Still-Nicely-Profitable Oil
oil production costs
Not at that price: Why long-term forecasts for cheap oil and natural gas are baseless
Here’s the short version of why forecasts of low long-term oil and natural gas prices are almost certainly wrong: It costs more than that to get the stuff out of the ground.