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What was I thinking -- cheap oil is infinite... silly me!

Have you ever noticed... that it's the MSM that generally tells us that we have decades of oil remaining?

And that long before we run out of the stuff we will all be driving EVs and enjoying unlimited energy from solar panels?

In fact California just said they'll ban ICE vehicles in 2015.

Didja ever consider that perhaps the MSM is pushing this nonsense -- cuz they want you to believe that we are not running out of cheap energy?

The MSM does hint at the problem from time to time -- but nobody reads this stuff...

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://archive.ph/tjl6J

And since you mentioned OFW:

Our energy predicament, including why the correct story is rarely told https://ourfiniteworld.com/2022/07/28/the-worlds-self-organizing-economy-can-be-expected-to-act-strangely-as-energy-supplies-deplete/

Aug 26, 2022
at
4:22 AM

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