The attached article is only surprising to those who do not understand the impact of technology and the pressure to be profitable.  Many predicted the “End of the Shale Oil Industry” when prices dropped below $50/b.  People who understand the impact of technology and the nature of the oil and gas E&P industry correctly criticized these “prophets of doom”. 

Leonard Maugeri predicted the drop in oil price two years before it took place because he correctly noted that advancements in drilling…