{"id":4616,"date":"2015-01-19T06:24:42","date_gmt":"2015-01-19T11:24:42","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4616"},"modified":"2015-01-19T06:25:32","modified_gmt":"2015-01-19T11:25:32","slug":"4616","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4616","title":{"rendered":"Gail Tverberg: This Is The Beginning Of The End For Oil Production"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.peakprosperity.com\/podcast\/91503\/gail-tverberg-beginning-end-oil-production\" target=\"_blank\">Gail Tverberg: This Is The Beginning Of The End For Oil Production<\/a><\/h3>\n<div class=\"article-lede\">\n<div class=\"field field-type-text field-field-lede\">\n<div class=\"field-items\">\n<div class=\"field-item odd\"><strong>Why the shale collapse is ushering in a permanent turndown<\/strong><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><strong>With the recent collapse in the price of oil, Gail Tverberg,\u00a0<a href=\"http:\/\/www.peakprosperity.com\/podcast\/83994\/gail-tverberg-shale-oil-boom-more-mirage-miracle\" target=\"_blank\">returns<\/a>\u00a0to discuss the likely impact on the US shale oil industry, as well as the global market for oil.<\/strong><\/p>\n<p>Gail is a professional actuary who applies classic risk assessment procedures to global resources: studying issues such as oil &amp; natural gas depletion, water shortages, climate change, etc. These days, she writes at her website\u00a0<a href=\"http:\/\/ourfiniteworld.com\/\" target=\"_blank\">OurFiniteWorld.com<\/a>.<\/p>\n<p>While as an actuary, Gail is one to avoid hyperbole and the let the numbers speak, her analysis of the outlook for future oil production is nothing short of dire:<\/p>\n<blockquote><p>What we need is cheap energy. We need cheap, liquid oil. When it\u2019s high-priced it really messes up the economy. We need oil to run our cars and to operate our trucks and such things, but it needs to be cheap.\u00a0And it suddenly is today.<\/p>\n<div>But, you have to be able to keep pulling it out at that same price. And the critical thing is, we can\u2019t keep pulling it out at that price. What is going to happen, I\u2019m afraid, is that once production goes down, we won\u2019t be able to get it back up again.<\/div>\n<\/blockquote>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gail Tverberg: This Is The Beginning Of The End For Oil Production Why the shale collapse is ushering in a permanent turndown With the recent collapse in the price of oil, Gail Tverberg,\u00a0returns\u00a0to discuss the likely impact on the US shale oil industry, as well as the global market for oil. Gail is a professional [&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":[1233,588,1775,723],"class_list":["post-4616","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-gail-tverberg","tag-oil","tag-oil-price-collapse","tag-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4616","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=4616"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4616\/revisions"}],"predecessor-version":[{"id":4618,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4616\/revisions\/4618"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}