Wishes, Fantasies, Delusions and Dumb-asses | The Burning Platform

“… The US consumes roughly 19 million barrels a day. The Bakken and Eagle Ford shale formations produce about a million barrels a day combined now, and guaranteed to get a whole lot lower within the next five years. Today’s near-peak production is based on furious drilling and fracking of extremely expensive wells — known as “the Red Queen syndrome” because they are running as fast as they can to keep production up. Meanwhile, the depletion curve on shale oil is a reverse ‘hockey stick’ …

via WISHES, FANTASIES, DELUSIONS & DUMBASSES « The Burning Platform.

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