The U.S. shale industry has peaked and it is still in a deep financial hole.| Powering the Planet
I’ve been researching and writing about the shale oil and gas industry for over 10 years now. For much of that time I’ve seen the U.S. shale industry treat gas (aka methane) as a waste product. In the Bakken they were flaring and venting up to 25%| Powering the Planet
Back in the beginning of the century James Kuntsler published the book The Long Emergency which warned about societal collapse due to declining oil production combined with “climate change, resurgent diseases, water scarcity, global economic instability and warfare to cause major trouble for future generations.” Twenty years ago it was| Powering the Planet
In October, shortly after Exxon and Chevron announced over $100 billion in combined acquisitions, oilfield services company Halliburton’s CEO Jeff Miller warned about the reality of producing oil in the U.S. shale industry. “The reality is you have to do more work in order to stay flat.” This| Powering the Planet