THE DEATH OF THE BAKKEN FIELD HAS BEGUN: Big Trouble For The U.S.
An interesting, and sobering, review of how and what is going on in the energy market, and how it will play out in the next few years. As usual, all the politicos are late to the party (wanting to build pipelines, etc) and will blow billions on something whose need is past.
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In a free market wouldn't it be sensible to reduce production when prices drop precipitously as oil and gas prices have in recent years?
Besides that free market fact, the discoveries of other such fields (possibly even larger) that are as yet untapped are ignored by the author and adds to the irrationality of the author's conclusions.
I think there may be reason to doubt the entire hypothesis that oil and gas are the result of fossil decay, and hydrocarbon fuels may have a different, possibly renewable, source. I am open minded on the topic.
Here is a web site with peakoil as its name.
The usual carbon climate alarmist content, Noam Chomsky is interviewed on global warming. .
The third comment down says it all-
" These are just lies propagated to try to pump up the price of oil, which is way down and suffering from a glut on the market "