Shale oil supplies at risk w/decline curve-US 2 B more dependent on conventional foreign oil

PERFECT STORM=U S shale oil supplies peter out/need replenishing + US CAN’T AFFORD TO FRACK = dependency on foreign oil…..and could be just months away!

Halliburton said in a Q4 conference call …“It (the world) might be using less than supply at the moment, but that moment could quickly pass as production peaks and then naturally falls. That process is already under way in a number of countries, and U.S. production could peak and begin to decline in the second half of the year.”


 

Alternet reports

Energy Crash — 97% of Fracking Now Operating at a Loss at Current Oil Prices

“This could be a disaster in the making.

Unlike traditional oil drilling, shale oil taps out very quickly. That is simple geology.

 the average decline of the world’s conventional oil fields is about 5 percent per year. By comparison, the average decline of oil wells in North Dakota’s booming Bakken shale oil field is 44 percent per year. Individual wells can see production declines of 70 percent or more in the first year.
Shale gas wells face similarly swift depletion rates, so drillers need to keep plumbing new wells to make up for the shortfall at those that have gone anemic.

The IEA states that the shale oil business needs to bring 2,500 new wells into production every year just to sustain production, and these shale fields will increasingly become more expensive to drill, ‘a rising percentage of supplies…require a higher breakeven price.’

With the current price of oil, almost none of the frackers will be sinking new wells.”

end Alternet info


 

If Americans switch to electric cars, and use solar/wind to power their homes and businesses…then we won’t be so dependent on foreign oil when our currently fracked wells peter out.

Whats promising is that this link  http://cleantechnica.com/2015/01/23/polling-shows-americans-support-environmental-enforcement-clean-energy/ has a chart that shows this is already in our hearts…

end Cleantech America chart


 

Lets keep our demand for fossil fuels low and help the Saudi’s destroy the US fracking business; in the end they truly are our friends to force us NOT to be able to afford to frack (up our water).  

I know this sounds so unAmerican, but in the war to starve off man made Climate Change….we do what we must to survive as a fragile species on this hostile planet.

While the loss of so many oil related jobs is horrific and families need to be fed…it is our own leadership’s fault for not moving us to renewable related jobs that ARE now a market driven force to be exploited.

THERE  IS  HOPE  AND  HERE IT IS…..

 Read here on the January 15 2015 EnergyPolicyForum

WEALTH CREATION IN THE NEW ENERGY ECONOMY

 

 

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About Kim Triolo Feil

Since TX Statute 253.005 forbids drilling in heavily settled municipalities, I unsuccessfully ran for City Council Seat to try to enforce this. Since Urban Drilling, our drinking water has almost tripled for TTHM's. Before moving to Arlington in 1990, I lived in Norco’s “cancer alley”, a refinery town. It was only after Urban Drilling in Arlington did I start having health effects. After our drill site was established closest to my home, the chronic nosebleeds started. I know there are more canaries here in Arlington having reactions to our industrialized airshed (we have 55-60 padsites of gas wells). Come forward and report to me those having health issues especially if you live to the north/northwest of a drill site so I can map your health effects on this blog. My youtube account is KimFeilGood. FAIR USE NOTICE: THIS SITE MAY CONTAIN COPYRIGHTED MATERIAL THE USE OF WHICH HAS NOT ALWAYS BEEN SPECIFICALLY AUTHORIZED BY THE COPYRIGHT OWNER. MATERIAL FROM DIVERSE AND SOMETIMES TEMPORARY SOURCES IS BEING MADE AVAILABLE IN A PERMANENT UNIFIED MANNER, AS PART OF AN EFFORT TO ADVANCE UNDERSTANDING OF THE SOCIAL JUSTICE ISSUES ASSOCIATED WITH EMINENT DOMAIN AND THE PRIVATIZATION OF PUBLIC INFRASTRUCTURE (AMONG OTHER THINGS). IT IS BELIEVED THAT THIS IS A 'FAIR USE' OF THE INFORMATION AS ALLOWED UNDER SECTION 107 OF THE US COPYRIGHT LAW. IN ACCORDANCE WITH TITLE 17 USC SECTION 107, THE SITE IS MAINTAINED WITHOUT PROFIT FOR THOSE WHO ACCESS IT FOR RESEARCH AND EDUCATIONAL PURPOSES. FOR MORE INFORMATION, SEE: HTTP://WWW.LAW.CORNELL.EDU/ TO USE MATERIAL REPRODUCED ON THIS SITE FOR PURPOSES THAT GO BEYOND 'FAIR USE', PERMISSION IS REQUIRED FROM THE COPYRIGHT OWNER INDICATED WITH A NAME AND INTERNET LINK AT THE END OF EACH ITEM. (NOTE: THE TEXT OF THIS NOTICE WAS ALSO LIFTED FROM CORRIDORNEWS.BLOGSPOT.COM)
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