You may have noticed that the US government is relaxing our CAFE standards for vehicles, meaning we will use up more oil in the coming years. Allegedly, this is no problem because the US is on track to become the world's largest producer of oil and gas:
I guess Rick Perry's Energy Department must have missed this alarming development:
Big trouble is brewing in the mighty North Dakota Bakken Oil Field. While oil production in the Bakken has reversed since it bottomed in 2016 and increased over the past few years, so has the amount of by-product wastewater. Now, it’s not an issue if water production increases along with oil. However, it’s a serious RED FLAG if by-product wastewater rises a great deal more than oil.
And ... unfortunately, that is exactly what has taken place in the Bakken over the past two years. In the oil industry, they call it, the rising "Water Cut." Furthermore, the rapid increase in the amount of water to oil from a well or field suggests that peak production is at hand. So, now the shale companies will have an up-hill battle to try to increase or hold production flat as the water cut rises.
You can read the rest @
Wake up, Rick! What goes up must come down. And a country without a realistic energy policy is doomed to come down sooner or later.