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.
