A Paragraph to Ponder

From the October 14, 2013 Bloomberg BusinessWeek - Rung Out Fast: Fracking produces oil gushers - but the wells lack staying power:

"Chesapeake Energy's Serenity 1-3H well near Oklahoma City came in as a gusher in 2009, pumping more than 1,200 barrels of oil a day and kicking off a rush to drill that extended into Kansas.  Now the well produces less than 100 barrels a day, state records show.  Serenity's swift decline sheds light on a dirty secret of the oil boom: it may not last.  Shale wells start strong and fade fast, and producers are drilling at a breakneck pace to hold output steady.  In the fields, this incessant need to drill is know as the Red Queen, after the character in Through the Looking Glass who tells Alice, "It takes all the running you do, to keep in the same place."