Fracking

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change.org

Running Out Of Room

No energy = no goods and services = no economy
Wednesday, November 1, 2017, 8:02 PM

The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services --- which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot. » Read more

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change.org

Running Out Of Room

No energy = no goods and services = no economy
Tuesday, October 24, 2017, 10:58 AM

The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services --- which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot. » Read more

Insider

Paisan Changhirun/Shutterstock

Off the Cuff: The Great Global Economic Slowdown

Growth is slowing down everywhere
Friday, April 3, 2015, 1:57 AM

In this week's Off the Cuff podcast, Chris and Mish Shedlock discuss:

  • Economic Slowdown
    • Economic growth is fast disappearing all across the world
  • The Evils Of The Banking System
    • Corrupt & corrupted; we need a return to old-school fiduciary stewardship
  • Chicago Blues
    • A case study for the fraud & rot soon to appear in cities across the US
  • Fracking's Legacy
    • From poisoned water tables to earthquakes
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Oleksii Sergieiev | Dreamstime.com

The Dangerous Economics of Shale Oil

Today's lower prices will kill the shale 'miracle'
Tuesday, December 23, 2014, 3:31 PM

For years, we've been warning here at PeakProsperity.com that the economics of the US 'shale revolution' were suspect. Namely, that they've only been made possible by the new era of 'expensive' oil (an average oil price of between $80-$100 per barrel). We've argued that many players in the shale industry simply wouldn't be able to operate profitably at lower prices.

Well, with oil prices now suddenly sub-$60 per barrel, we're about to find out. » Read more

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E_K/Shutterstock

2014 Year in Review

The year we piled up risks like a global game of Tetris
Friday, December 19, 2014, 12:27 PM

I have not seen a year in which so many risks—some truly existential—piled up so quickly. Each risk has its own, often unknown, probability of morphing into a destructive force. Groping for a metaphor—I love metaphors and similes—I feel like we’re in the final throes of a geopolitical Game of Tetris as financial and political authorities race to place the pieces correctly. But the acceleration is palpable. The proximate trigger for pain and ultimately a collapse can be small, as anyone who’s ever stepped barefoot on a Lego knows. » Read more

Podcast

petrmalinak/Shuttestock

The Shocking Data Proving Shale Oil Is Massively Over-hyped

It's time for America to focus on the facts
Saturday, December 13, 2014, 8:03 PM

Hooray, oil is suddenly much cheaper than it used to be. That's great news, right?

Not so fast. For certain it's not good news for those counting on a continued rise in US oil production from the "shale miracle". Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very few will remain solvent with oil in the $50s (as it is as of this writing).

So, expect US oil production to suffer from these lower prices if they persist. But even if oil prices rise and rise soon, there's new data that indicates the total amount of extractable oil from America's shale plays is less -- much less -- than what we're being told (or better put, "sold"). » Read more

Featured Discussion

Free Webinar TONIGHT on Fracking

Free Webinar TONIGHT on Fracking

Presented by the excellent energy analyst, David Hughes -- 8pm EST/5pm PST

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Peak Prosperity

Shale Oil - Crash Course Chapter 21

Expensive. Over-hyped. And short-lived.
Friday, November 14, 2014, 7:38 PM

If you've watch the previous video chapter on Peak Cheap Oil, you may be wondering how any of that could be still be true given all the positive recent stories about shale oil and shale gas , many of which have proclaimed that “Peak Oil is dead”.

The only problem with this story is that it is misleading in some very important ways. And entirely false in others. » Read more

video

This chapter of the new Crash Course series has not yet been made available to the public.

Each week over the rest of 2014, in sequential order, a new chapter will be made publicly available (we've currently published up to Chapter 20)

 

If you don't want to wait, you can:

  • Enroll today to watch this new chapter right now (as well as all the other chapters of the new Crash Course)

 

 

 

 

Podcast

Bruce Rolff/Shutterstock

Richard Heinberg: The Oil 'Revolution' Story Is Dead Wrong

The data tell a vastly different tale than the media
Sunday, March 9, 2014, 1:45 PM

With all the grandiosity of the media headlines touting our destiny as the new "Saudi America", many pundits have been quick to pronounce Peak Oil dead.

Here at PeakProsperity.com, one of the most frequent questions we've received over the past two years is: will the increased production from new "tight" oil sources indeed solve our liquid fuels emergency?

Not at all, say Chris and this week's podcast guest, Richard Heinberg. Both are fellows at the Post Carbon Institute, and you are about to hear one of the most important and most lucid deconstructions of the false promise of American energy independence: » Read more