{"id":17130,"date":"2016-01-30T18:42:53","date_gmt":"2016-01-30T23:42:53","guid":{"rendered":"http:\/\/olduvai.ca\/?p=17130"},"modified":"2016-01-30T18:42:53","modified_gmt":"2016-01-30T23:42:53","slug":"another-nail-in-the-u-s-empire-coffin-collapse-of-shale-gas-production-has-begun","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=17130","title":{"rendered":"ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun"},"content":{"rendered":"

ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun<\/a><\/h3>\n
The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun.\u00a0 This is just another nail in a series of nails that have been driven into the U.S. Empire coffin.<\/div>\n

Unfortunately, most investors don\u2019t pay attention to what is taking place in the U.S. Energy Industry.\u00a0 Without energy, the U.S. economy would grind to a halt.\u00a0 All the trillions of Dollars in financial assets mean nothing without oil, natural gas or coal.\u00a0 Energy drives the economy and finance steers it.\u00a0 As I stated several times before, the financial industry is driving us over the cliff.<\/p>\n

The Great U.S. Shale Gas Boom Is Likely Over For Good<\/strong><\/p>\n

Very few Americans noticed that the top four shale gas fields combined production peaked back in July 2015.<\/strong>\u00a0 Total shale gas production from the Barnett, Eagle Ford, Haynesville and Marcellus peaked at 27.9 billion cubic feet per day (Bcf\/d) in July and fell to 26.7 Bcf\/d by December 2015:<\/p>\n

\"Top-U.S.-Shale-Gas-Fields-Production\"<\/p>\n

As we can see from the chart, the Barnett and Haynesville peaked four years ago at the end of 2011.\u00a0 Here are the production profiles for each shale gas field:<\/p>\n

\"Barnett-Shale-Gas-Field\"<\/p>\n

According to the U.S. Energy Information Agency (EIA), the Barnett shale gas production peaked on November 2011 and is down 32% from its high<\/strong>.\u00a0 The Barnett produced a record 5 Bcf\/d of shale gas in 2011 and is currently producing only 3.4 Bcf\/d.\u00a0 Furthermore, the drilling rig count in the Barnett is down a stunning 84% in over the past year.<\/p>\n

\"Haynesville-Shale-Gas-Field\"<\/p>\n

The Haynesville was the second to peak on Jan 2012 at 7.2 Bcf\/d per day and is currently producing 3.6 Bcf\/d.\u00a0\u00a0This was a huge 50% decline from its peak<\/strong>.\u00a0 Not only is the drilling rig count in the Haynesville down 57% in a year, it fell another five rigs this past week.\u00a0 There are only 18 drilling rigs currently working in the Haynesville.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

ANOTHER NAIL IN THE U.S. EMPIRE COFFIN: Collapse Of Shale Gas Production Has Begun The U.S. Empire is in serious trouble as the collapse of its domestic shale gas production has begun.\u00a0 This is just another nail in a series of nails that have been driven into the U.S. Empire coffin. Unfortunately, most investors don\u2019t […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[12074,617,1461,722,723,12073,827,834,3142],"class_list":["post-17130","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-peak-gas","tag-peak-oil","tag-shale-boom","tag-shale-gas","tag-shale-oil","tag-srsrocco-report","tag-united-states","tag-us","tag-us-empire"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17130"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17130\/revisions"}],"predecessor-version":[{"id":17131,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/17130\/revisions\/17131"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}