Comments by "Withnail1969" (@Withnail1969) on "Stanford" channel.

Correct. and two thirds of the oil in any deposit is left in the ground.
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@sunroad7228 Well it's still economically possible but it's becoming a lot more difficult. For example, there's been a recent huge increase in US shale oil production but it hasn't really helped the economy. Why? I think it's because it's so expensive to produce and the wells last such a short time. Unlike back in the 1960s when oil production made the economy boom.
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@sunroad7228 Yes that's right, both financially and also the amount of energy used to drill and frack the well vs the short life and low production of the wells. Like I say, this is the reason the economy didn't benefit much from all this new shale production. There are no real profits to put back into the system, either energy or financial.
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