{"id":37338,"date":"2018-09-04T07:59:28","date_gmt":"2018-09-04T12:59:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=37338"},"modified":"2018-09-04T07:59:28","modified_gmt":"2018-09-04T12:59:28","slug":"the-coming-collapse-of-u-s-shale-oil-production","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=37338","title":{"rendered":"The Coming Collapse Of U.S. Shale Oil Production"},"content":{"rendered":"<header class=\"entry-header clearfix\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/srsroccoreport.com\/the-coming-collapse-of-u-s-shale-oil-production\/\">The Coming Collapse Of U.S. Shale Oil Production<\/a><\/h3>\n<\/header>\n<div class=\"entry-content clearfix\">\n<p>The death of U.S. Energy Independence will occur when the collapse of shale oil production begins.\u00a0 And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize.\u00a0 The rate at which U.S. shale oil production declines in the future is based on two key factors, remaining reserves, and the oil price.<\/p>\n<p>Before I get into the remaining shale oil reserves, let\u2019s first consider the price.\u00a0 When the oil price collapsed from mid-2014 to a low at the beginning of 2016, frackers cut drilling considerably.\u00a0 From March 2015 to September 2016, total U.S. shale oil production fell approximately 600,000 barrels per day (info Shaleprofile.com).\u00a0 However, this decline was not due to the peak in production, but rather, because the low oil price made drilling shale oil uneconomical.<\/p>\n<p>What happens when U.S. shale oil production finally peaks along with much lower oil prices?\u00a0 Well, that will be the PERFECT STORM for the U.S. shale oil industry.\u00a0 As I have mentioned in several articles and videos, when the current economic market cycle of 9-years finally rolls over, we are going to have one heck of a market correction.\u00a0 When the broader markets crack lower\u00a0in a big way, they will most certainly pull down the oil price along with it.<\/p>\n<p>To get an idea of the total U.S. shale oil production, here is a chart from Enno Peters at ShaleProfile.com:<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-19187\" src=\"https:\/\/d3hxt1wz4sk0za.cloudfront.net\/wp-content\/uploads\/2018\/09\/Total-US-Shale-Oil-Production-April-2018.png?x65756\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" srcset=\"https:\/\/d3hxt1wz4sk0za.cloudfront.net\/wp-content\/uploads\/2018\/09\/Total-US-Shale-Oil-Production-April-2018.png?x65756 853w, https:\/\/d3hxt1wz4sk0za.cloudfront.net\/wp-content\/uploads\/2018\/09\/Total-US-Shale-Oil-Production-April-2018-768x830.png?x65756 768w\" alt=\"\" width=\"600\" height=\"649\" data-pagespeed-url-hash=\"1731719562\" \/><\/p>\n<p>This chart shows U.S. shale oil production as of April this year.\u00a0 Total U.S. shale oil production is shown to be a little bit more than 5 million barrels per day.\u00a0 Each color in the chart represents a year\u2019s worth of oil production.\u00a0 What is interesting about the chart above, is the huge decline rate of domestic shale oil production.\u00a0 And as each year passes, the degree of decline steepens.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Coming Collapse Of U.S. Shale Oil Production The death of U.S. Energy Independence will occur when the collapse of shale oil production begins.\u00a0 And when U.S. shale oil production finally peaks and declines, it could fall much more rapidly than we realize.\u00a0 The rate at which U.S. shale oil production declines in the future [&hellip;]<\/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":[595,12073,846],"class_list":["post-37338","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-oil-production","tag-srsrocco-report","tag-us-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37338","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=37338"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37338\/revisions"}],"predecessor-version":[{"id":37339,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/37338\/revisions\/37339"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}