Dan Dicker, energy contributor at TheStreet.com, talks to Jim Cramer about the stunning short play announced by David Einhorn on Pioneer Natural Resources (PXD) and other U.S. shale frackers. Dicker believes that many of the points that Einhorn makes are right on the money, particularly the huge capital influx that must accompany drilling for shale oil, the fast decay of wells and the overoptimism of ultimate recoverable reserves. But a current short on U.S. shale oil producers ignores increasing efficiencies from technology, plummeting costs for well completions, a still loaded portfolio of prime well sites and an oil price that Dicker believes will again see $150 a barrel in the next two years.
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