Comments by "D W" (@DW-op7ly) on "Tracking China's Progress in Internationalizing the Yuan" video.

  1. At borrowing 1 trillion every 100 days....
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  2.  @ssuwandi3240  you talking about the USA? Problem with that Shale Oil boom Is it was borrow to drill and then borrow more to drill more to keep up with production Because the decline rates are so bad They are just lucky with higher oil prices they are breaking even these days looking to transition to shale gas 👇 Shale Wells Producing More Early On, Then Declining Faster Than Ever The challenge of sustaining shale production is growing larger. August 16, 2023 Production from the average US shale oil well is declining more rapidly every year, with the biggest losses by far in the Delaware Basin, according to a report from Enverus. Increasing rapid declines by many thousands of older wells are obscured by the rise in total production from new wells as the industry engineers completions to maximize early production. JPT 👇 DECLINE RATES IN THE BAKKEN SHALE For decades the oil industry has applied a simple rule estimating a constant “decline” rate in conventional oil wells. Typically production in an oil field declines at an annual rate of around 8% to 10%, absent further investment. This allows field production to be counted on for two decades or more. Shale oil development, however, has turned the rule of thumb on its head, with decline rates as much as 50% in the first year. In order to maintain oil shale production the industry must constantly drill new wells. IAEE
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