Applying that kind of logic is a bit foolish, as that analysis is pretty mickey mouse given the seismic shift in declines and production profiles globally when comparing those historical periods.. Annual average reservoir declines are now more than 100% steeper than they were back then, owing to horizontal drilling and frac'ing.
Will be interesting to see how it plays out!
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Originally Posted by Hack&Lube
I don't know if it's just finance people trying to be bullish/optimistic or that they are disconnected from it all...
But I definitely hear that all the time from industry people, that this is the new norm/new paradigm for the next decade (or two!).
Our company just posted this comparing 1985 to what is being forcast and how this is going to be a 20-year rut.
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