While the recent oil price downturn is reducing investment in tight oil in the short term the long term prospects are good. Break even costs have fallen as production techniques have improved and producers have renegotiated contracts with service companies. The increase in production coupled with lower demand will nearly make the US self sufficient in oil. In 2005 the US only produced 33% of its oil needs by 2035 it will produce 95%. Demand has been falling since 2005 as driving has become more efficient and alternative fuels are adopted.