The global shale revolution has moved so far, and so fast, past the dreams of the industry and the objections of its enemies that time has yet to catch up.
The key lesson of the past 15 years for energy was how the sleepy, if vitally important, field of energy economics was disrupted so thoroughly and so quickly. Comparisons have been made between shale and the internet. Both are often described as “paradigm shifts”, ‘disruptors’ or simply as inflection points. The internet, in only twenty or so years has changed everything. It made entire industries irrelevant and killed off some entirely. The Kodak moment for shale was slow in coming but it’s finally here. Almost no one, apart from Peter Strachan in Oil Voice recently, still can’t get how the industry of today makes expertise of yesterday increasingly irrelevant.