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Here is one of my favorite Art Berman quotes.

???If shale operators cannot substantially reduce their costs, I doubt that most of them can survive a year or so more of low prices ???

http://www.energybulletin.net/node/49342

This is from June 2009. So???. it???s been two and a half years of low prices since then. Let???s see those shale operators that have failed to survive.

Berman is usually clever enough to avoid making predictions like this??? he usually sticks to the trees, and doesn???t try to see the forest. Nice to find him pulling a really newman???.