PEAK OIL NEWS AND MESSAGE BOARDS


THE PROS AND CONS OF FRACKING

Pros
  • Blasts tens of thousands of gallons of chemicals deep underground, out of harm’s way
  • Prompts important conversation about whether or not people have a right to clean water
  • Fact that shale well blowout could happen at any moment emphasizes ephemeral beauty of life
Cons
  • Dilutes perfectly good chemicals
  • Class action lawsuits always take forever and are super boring
  • Fewer excuses to spend time with oil-rich dictatorships

Zur Satire auf THE ONION (29. Januar 2015) »

U.S. SHALE BOOM MAY COME TO ABRUPT END

"U.S tight oil production from shale plays will fall more quickly than most assume. Why? High decline rates from shale reservoirs is given. The more interesting reasons are the compounding effects of pad drilling on rig count and poorer average well performance with time. Rig productivity has increased but average well productivity has decreased. Every rig used in pad drilling has approximately three times the impact on the daily production rate as a rig did before pad drilling. At the same time, average well productivity has decreased by about one-third. This means that production rates will fall at a much higher rate today than during previous periods of falling rig counts [...] Rig productivity--the barrels per day per rig--has increased but average well productivity--the barrels per day per well--has decreased. In other words, production can only be maintained by drilling an ever-increasing number of wells [...] Average rig productivity has almost tripled since early 2012. Average well productivity has decreased by one-third over the same period. This means that every rig taken out of service today has more than three times the impact on daily production as before pad drilling became common."

Zum Artikel von Arthur Berman, erschienen auf OilPrice (26. Januar 2015) »

NETZWERK EUROPÄISCHER ERDGASPIPELINES

"The role of Ukraine as a transit country will be nullified." 
--Gazprom-CEO Alexei Miller am 6. Dezember 2014

Zur Infografik von Alex Beaurieux, erschienen auf SIPER (Dezember 2014) »

THE BROKEN TEMPLATE

"Do you think that $50 oil is going to make the world safe for WalMart, Walt Disney World, and Happy Motoring? In fact, $50 oil is going to crush what is left of the US Oil industry, especially fracking for shale oil and deep water drilling. And guess what — everything else is depleting at about 5 percent a year. The frackers will never again get access to the sort of junk bond financing that allowed them to ramp up their Ponzi demonstration projects in the Bakken and Eagle Ford. And they will never again regain their current level of production — which is the net result of past Ponzi financing, now ending in tears. So, forget “Saudi America” and “energy independence,” unless you mean living in a walkable community near a navigable waterway."

Zum Artikel von James Howard Kunstler, erschienen auf Clusterfuck Nation (26. Januar 2015) »

http://kunstler.com/clusterfuck-nation/the-broken-template/
US Goverment // Public Domain

WHIPLASH!

"Over the course of 2014 the prices the world pays for crude oil have tumbled from over $125 per barrel to around $45 per barrel now, and could easily drop further before heading much higher before collapsing again before spiking again. You get the idea. In the end, the wild whipsawing of the oil market, and the even wilder whipsawing of financial markets, currencies and the rolling bankruptcies of energy companies, then the entities that financed them, then national defaults of the countries that backed these entities, will in due course cause industrial economies to collapse [...] And so on until the last industrialist dies. His cause of death will be listed as “whiplash”: the “shaken industrialist syndrome,” if you will. Oil prices too high/low in rapid alternation will have caused his neck to snap. Some artisans will collect a bit of oil from some slowly oozing old wells, refine it using clay pots heated with wood, and use it to power an antique hearse that will take the planet's last industrialist to the industrialist boneyard."

Zum Artikel von Dmitry Orlov, erschienen auf ClubOrlov (20. Januar 2015) »

THE DEEP STATE STRATEGY: BURN EVERYONE ELSE'S OIL FIRST, LEAVE OURS IN THE GROUND

"We should also keep our eye on the political system which retains power regardless of which party or politico is in office: the Deep State.The Deep State exists to maintain the essential infrastructure of global power and domestic stability ... From this point of view, a rapid decline in U.S. oil production and a corresponding increase in oil imports is a positive development for this basic reason: if cheap oil is becoming increasingly scarce, then it makes all the sense in the world to burn everyone else's cheap oil and keep our reserves in the ground for later use, when all the cheap oil is gone ... Since cheap oil will eventually become scarce for all the reasons listed here and elsewhere many times--depletion of easy-to-pump reserves, geopolitical instability, rising domestic consumption in oil-exporting nations and a contraction in capital available to replace declining production--it makes excellent sense to consume all the oil anyone is willing to sell for $40-$50/barrel and retain one's own reserves for the time when $100/barrel has become "cheap" ... It's always wise to remember the elected government is the ant riding on the Deep State elephant, grandly declaring it guides the great beast."

Zum Artikel von Charles Hugh Smith, erschienen auf oftwominds (12. Januar 2015) »