{"id":52020,"date":"2020-03-29T13:41:51","date_gmt":"2020-03-29T18:41:51","guid":{"rendered":"https:\/\/olduvai.ca\/?p=52020"},"modified":"2020-03-29T13:47:09","modified_gmt":"2020-03-29T18:47:09","slug":"the-energy-disaster-kicking-into-full-gear-world-is-totally-unprepared-for-whats-ahead","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=52020","title":{"rendered":"THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What\u2019s Ahead"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/srsroccoreport.com\/the-energy-disaster-kicking-into-full-gear-world-is-totally-unprepared-for-whats-ahead\/\">THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What\u2019s Ahead<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">There\u2019s more evidence finally surfacing in the media of the dire energy predicament the world is now facing.&nbsp; The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but the global contagion has sped up the process considerably.&nbsp; Unfortunately, the world will never return back to the energy consumption and GDP growth experienced in 2019.&nbsp; I believe the peak of unconventional oil production has finally arrived\u2026 FOREVER.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here are a few highlights describing the ongoing ENERGY DISASTER taking place<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>U.S. Bakken Oil Production Peaked Oct 2019 While Setting A New Record In Wastewater Production<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>According to Shaleprofile.com, the Bakken\u2019s production peaked in October 2019 at 1,506,358 barrels per day (bd) and fell to 1,462,025 bd in December<\/strong>.&nbsp; When the data comes out for Mar-Apr-May, I believe that Bakken\u2019s oil production will begin to drop off considerably.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Furthermore, even without the global virus destroying oil demand, the Bakken was going to peak shortly due to a key indicator\u2026 a tremendous increase in the amount of associated wastewater production.&nbsp; Surging wastewater production is a bad sign signaling reservoir depletion.&nbsp; Using the data from the North Dakota Department of Mineral Resources, the Bakken is now producing nearly 1.5 barrels of wastewater for each barrel of oil:<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/d39ua1j16brbz0.cloudfront.net\/wp-content\/uploads\/2020\/03\/North-Dakota-Bakken-Waste-Water-vs-Oil-Production-JAN-2016-vs-JAN-2020.png\" alt=\"\" class=\"wp-image-21703\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>In January 2016, the Bakken was producing 115% more wastewater than oil, but that has surged to 149% during January 2020.<\/strong>&nbsp;While oil production increased by 8.2 million barrels (per month) since January 2016, wastewater surged by an additional 23.2 million barrels (per month).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Death of the Bakken has finally arrived.&nbsp; Due to the collapse in U.S. oil consumption, I see a huge decline in Bakken oil production over the next three quarters.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>THE ENERGY DISASTER KICKING INTO FULL GEAR: World Is Totally Unprepared For What\u2019s Ahead There\u2019s more evidence finally surfacing in the media of the dire energy predicament the world is now facing.&nbsp; The negative ramifications of peak oil and the falling EROI were going to hit the world economy within the next 2-5 years, but [&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":[13961,4654,12073,846],"class_list":["post-52020","post","type-post","status-publish","format-standard","hentry","category-energy-2","tag-energy-return-on-investment","tag-eroi","tag-srsrocco-report","tag-us-shale-oil"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52020","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=52020"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52020\/revisions"}],"predecessor-version":[{"id":52021,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/52020\/revisions\/52021"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=52020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=52020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=52020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}