{"id":20890,"date":"2016-06-04T13:36:24","date_gmt":"2016-06-04T18:36:24","guid":{"rendered":"http:\/\/olduvai.ca\/?p=20890"},"modified":"2016-06-04T13:36:24","modified_gmt":"2016-06-04T18:36:24","slug":"peak-oil-are-we-not-better-than-this-pt-9","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=20890","title":{"rendered":"Peak Oil: Are We Not Better Than This? Pt 9"},"content":{"rendered":"
\n

Peak Oil: Are We Not Better Than This? Pt 9<\/a><\/h3>\n<\/div>\n
\n

\"LB012416A\"<\/p>\n

There are\u2014almost always\u2014at least two sides to any story of significance and potential impact upon others. The greater the impact and potential for a range of outcomes, the more certain one can be that there are more than a handful of factors, considerations, and perspectives to be accounted for if the issue at hand is to be both understood and resolved effectively.<\/p>\n

Ignoring the \u201cother side\u201d of the issue may be effective if one prefers their narrative to remain unchallenged and to provide reassurance to fellow believers, but beyond that, it\u2019s hard to understand what the benefit might be to those seeking information if what\u2019s shared is inaccurate or purposely incomplete.<\/p>\n

From the second article I\u2019ve been referencing throughout this series:<\/p>\n

In the USA<\/a>, hydraulic fracturing has taken petroleum production to its highest level since 1972, and oil imports to their lowest level since 1995. America now exports crude oil, natural gas and refined products.<\/em>
\nThe fracking genie cannot be put back in the bottle. In fact, it is being adopted all over the world, opening new shale oil and gas fields, prolonging the life of conventional fields, leaving less energy in the ground, and giving the world another century or more of abundant, reliable, affordable petroleum. That\u2019s plenty of time to develop new energy technologies that actually work without mandates and enormous subsidies.
\n<\/em><\/p><\/blockquote>\n

FACTS OFFER A DIFFERENT TAKE<\/p>\n

But in the real world where facts are actually important, a different story is told. Two days before the above-referenced article was published, we had this:<\/p>\n

[<\/em>N]<\/em>ow, over 1.5 years<\/a>\u00a0into the price collapse, production declines in shale oil are finally starting to appear as low oil prices have slashed company investments in new supply, and production begins to decline from existing wells\u2026.<\/em><\/strong>
\nThe array of spending cuts and production declines announced by dozens of separate companies may be difficult to wrap one\u2019s head around.\u00a0<\/em><\/strong><\/p><\/blockquote>\n

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

Peak Oil: Are We Not Better Than This? Pt 9 There are\u2014almost always\u2014at least two sides to any story of significance and potential impact upon others. The greater the impact and potential for a range of outcomes, the more certain one can be that there are more than a handful of factors, considerations, and perspectives […]<\/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":[331,412,592,11973,10552,12823,11974,827],"class_list":["post-20890","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-fracking","tag-hydraulic-fracturing","tag-oil-price","tag-peak-oil-denial","tag-peak-oil-matters","tag-peak-oil-vision","tag-richard-turcotte","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20890","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=20890"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20890\/revisions"}],"predecessor-version":[{"id":20891,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/20890\/revisions\/20891"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}