I called this a few years ago. As extraction rates rise, half-lives shrink. It's not rocket science to understand that as drilling becomes more efficient and prodigious, the half-lives of the resource declines.
http://www.theguardian.com/environment/earth-insight/2014/may/22/two-thirds-write-down-us-shale-oil-gas-explodes-fracking-myth
Friday, May 23, 2014
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