Shale oil to become low cost producer?

When I read this, I was astonished.  The impression I had gotten was shale oil was expensive to produce, but this article says otherwise.

However, the recent fall in oil prices have put a lot of people out of work in the oil patch.

Money quote:

The author makes the claim "Shale 2.0 promises to ultimately yield break-even costs of $5-$20 per barrel-in the same range as Saudi Arabia's vaunted low-cost fields."

Break even on $5 per barrel oil for shale oil would be miraculous, to say the least.

Maybe he's been smoking some of that whacky tobacky.

Update:

The significance of this development cannot be overstated.  With Saudi pricing power undercut, their influence in world affairs will diminish.  If another source of energy is found that can replace oil completely, their influence would diminish to nothing.  No matter how one looks at it, their position in the world today looks untenable.

Cheap oil from fracking is but one of the means by which this can occur.  That's the point.  One way or another, this trouble with the Middle East will come to an end.

The strong horse is in the West, not in the Middle East.