I'm taking unconventional to mean wells that required...

I'm taking unconventional to mean wells that required stimulation by fracturing. I'm not concerning myself about the particular difference between trapping mechanisms more the broad economics of the energy industry centred around the various fracking plays in the US and how it has been funded. I think the guy in nordesmic video was very believable and he laid out his claims about the industry. If you dispute them please let me know which parts as I'd be very interested.

The funny thing is that the US jobs numbers came out tonight and being disappointing the price of oil dropped and the price of gold rose. I suppose the futures market traders first thoughts are that if the jobs picture isn't so rosy the US economy might be negatively effected so the demand for oil in the future might decrease, hence the drop in prices.

Another strong point made in that video which is no secret about the unconventional oil energy industry (or for Strieb's sake that part of the US energy industry that relies on drilling holes like Swiss cheese to try and make a buck) is that it employs a lot of people. What did the guy in the video say

" a lot of guys driving around in pickup trucks metering and maintaining thousands and thousands of wells. A company like Devon Energy has got almost 4,000 wells in the Barnett shale, I mean good for them but it costs a lot ............for every shale play Chesapeake are in they have 5000 people"

So the real up shot which the oil futures market doesn't see yet is that the lost jobs will be from the oil industry as the great oil junk bond bubble unwinds (pray it doesn't take the whole market with it) and these companies stop getting financed and the wells stop getting drilled and the whole ugly financially engineered experiment is exposed for what it is an environmentally unfriendly loss making endeavour that should not have ever been financed in the first place and production declines and the influence of the US shale oil industry on the price of oil starts to come to an end.

If you are interested in making money from DLS or other good energy companies there is really not much to do other than make sure you have a position somewhere near the bottom (anywhere near is good enough) and just wait. The reality check which is coming will do the rest.

Eshmun
IMHO DYOR