In this week's edition of The Motley Fool's energy-focused show, Digging for Value, energy analysts Joel South and Taylor Muckerman discuss company specific information and look into second-quarter earnings.
In today's segment, Joel discusses the future of United States shale oil production. With sharp reservoir decline curves, meaning wells gushing up to 80% of production within two years, on top of five years of precipitous growth, the U.S. is up against a growth wall. And with production growth starting to slow in the Bakken, other major oil plays are likely to follow suit, calling into question the long-term projections of energy independence and overtaking Saudi Arabia as the world's largest crude oil producer by the end of the decade.
Joel South, Taylor Muckerman, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.