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Fast Eddy's avatar

Shale binge has spoiled US reserves, top investor warns Financial Times.

Preface. Conventional crude oil production may have already peaked in 2008 at 69.5 million barrels per day (mb/d) according to Europe’s International Energy Agency (IEA 2018 p45). The U.S. Energy Information Agency shows global peak crude oil production at a later date in 2018 at 82.9 mb/d (EIA 2020) because they included tight oil, oil sands, and deep-sea oil. Though it will take several years of lower oil production to be sure the peak occurred. Regardless, world production has been on a plateau since 2005.

What’s saved the world from oil decline was unconventional tight “fracked” oil, which accounted for 63% of total U.S. crude oil production in 2019 and 83% of global oil growth from 2009 to 2019. So it’s a big deal if we’ve reached the peak of fracked oil, because that is also the peak of both conventional and unconventional oil and the decline of all oil in the future.

Some key points from this Financial Times article: https://energyskeptic.com/2021/the-end-of-fracked-shale-oil/

Shale boss says US has passed peak oil | Financial Times https://www.ft.com/content/320d09cb-8f51-4103-87d7-0dd164e1fd25

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Robert's avatar

Besides the death shot. Starvation is coming. Nothing is being grown except rape seed and grass where I live. The food inventories are from last year. October I think panic will set in

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Fast Eddy's avatar

Yep.

Bossche says that we are on the precipice of creating a lethal mutation with these leaky vaccines https://streamyard.com/ru4v72udbce5

It's coming ... and when it does billions will die - everyone else will be terrified - and lock themselves down... and they will starve to death.

It's pretty much the perfect way to exterminate 8B people ... next to no violence - no rape - no cannibalism... most will die peacefully.

What is about to happen is unthinkable ... but it's going to happen.

Here's why:

Shale binge has spoiled US reserves, top investor warns Financial Times.

Preface. Conventional crude oil production may have already peaked in 2008 at 69.5 million barrels per day (mb/d) according to Europe’s International Energy Agency (IEA 2018 p45). The U.S. Energy Information Agency shows global peak crude oil production at a later date in 2018 at 82.9 mb/d (EIA 2020) because they included tight oil, oil sands, and deep-sea oil. Though it will take several years of lower oil production to be sure the peak occurred. Regardless, world production has been on a plateau since 2005.

What’s saved the world from oil decline was unconventional tight “fracked” oil, which accounted for 63% of total U.S. crude oil production in 2019 and 83% of global oil growth from 2009 to 2019. So it’s a big deal if we’ve reached the peak of fracked oil, because that is also the peak of both conventional and unconventional oil and the decline of all oil in the future.

Some key points from this Financial Times article: https://energyskeptic.com/2021/the-end-of-fracked-shale-oil/

Shale boss says US has passed peak oil | Financial Times https://www.ft.com/content/320d09cb-8f51-4103-87d7-0dd164e1fd25

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