Thanks OzBlue - agree and yes as you say, it is a matter of time...

Thanks OzBlue - agree and yes as you say, it is a matter of time with circa 100/kwh, the generally accepted change over point Rumours that GM for the Bolt is already buying at circa $145/kwh. Technology advancements will get us there by about 2023

Only thing is that shale oil have improved efficiencies over the last 3 years and now some can operate as low as $15, so with a lower price, there are now relatively more wells coming back on... etc see below:

Leaner and Meaner: US shale and US rig count climbs by 21 in 9th straight weekly rise (and oil is presently around circa $47-50USD/bbl) - should opec change tact in May, this would reverse and capex reside again but to a lessor extent every time this happens IMO.