THE DEATH OF THE BAKKEN FIELD HAS BEGUN: Big Trouble For The U.S.
Same day as the Chelsea explosion outside the center for the blind.
With the arrival of Peak Oil, the curtain has closed on Act 1 of the drama Petroleum Man. What will happen in Act 2? Chekhov said, "If there's a gun on the wall at the beginning of the play, by the end it must go off." In the world's nuclear arsenal are many guns on the wall. If life copies art, will there be an Act 3 in which the players, having learned their lesson the hard way, live sustainably? To explore these and other questions... FTW's Act 2 Blog. Read, comment, take heart! Orkin
Death of the Bakken!!!
ReplyDeleteA field that the malthusians said could never happen, did, and when the success from it and the Eagle Ford altered the global price of oil...folks stopped drilling much in the field and guess what..production went down! Never has a price response been so predictable!!
Would anyone like to proclaim now what happens when the current consequences to peak oil a decade ago (called GLUT!) wears off? A clue! The Bakken exists because prices went up...the well sites aren't going to vanish when prices are low...and when higher prices return...so do the rigs!! Price response, meet the more oil you will generate!
This is almost peak oilish Jenna, at least as a form of bait to the gullible and acolytes anyway. Keep up chumming the waters for the zealots! Even if the only one paying attention is me!