U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear

[NickB79]

https://www.wsj.com/articles/u-s-shale-boom-shows-signs-of-peaking-as-big-oil-wells-disappear-2adef03f

HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak.

Frackers are hitting fewer big gushers in the Permian Basin, America’s busiest oil patch, the latest sign they have drained their catalog of good wells. Shale companies’ biggest and best wells are producing less oil, according to data reviewed by The Wall Street Journal.

Another reason to accelerate the adoption of PHEV's and EV's and reduce our use of petroleum. Peak Oil wasn't discredited by the fracking boom. It was merely held at bay for a couple decades.

[Hugh_Lebowski]

1. 100% true this: "Peak Oil wasn't discredited by the fracking boom."

Honestly in the end we're freaking out about climate change, and rightly so, esp. if you care about the plant/animal world ... but I believe a permanent decline in fossil fuel resources will have all of humanity at each other throats well before climate change manifests so harshly that large numbers of humans are dying as a result.

Fossil fuel resource depletion will be humanities demise in the end. Climate change will just finish the job. And there's no way out of massive population declination, billions-worth.

Our fate ... is sealed.

Remember I told you first.