DeepResource

Observing the world of renewable energy and sustainable living

US Shale Output Shrinking

us-shale-output

It comes now from the US Energy Information Agency, and is headlined by Bloomberg Business, so yes, it’s official. As Bloomberg put it, “US Shale Boom Grinds to a Halt.” Which, actually, is overstating the case by a good bit, there isn’t going to be a “halt.” Nevertheless, as sane people everywhere have been insisting for years, the shale boom is, as it always was going to be, a bust.

Editor: this is it folks, global peak oil is knocking on the door. We do expect oil prices to substantially rise again, somewhere between now and the end of next year.

[dailyimpact.net] – It’s Official: The Shale-Oil Boom is Over

Halliburton fracking job in the Bakken (Wikipedia)

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