Not with shale oil. I have been discussing the economics of shale drilling with a friend of mine who is a geologist. We both agreed that the cost of drilling those horizontal wells versus the expected output and decline did not make sense. Just as the Internet bubble could not last, just as the housing bubble could not last, the shale play will not last either.
To better understand the reality, read the following article: http://www.businessinsider.com/arthur-berman-shale-is-magical-thinking-2013-1?op=1