Why The Shale Oil “Miracle” Is Becoming A “Debacle”

28 Aug 2017   Shale Oil

Energy is everything. This is an amazingly important concept. Yet it’s almost universally overlooked. Sometimes it’s hard to appreciate the magical role energy plays in our daily lives because most of what we experience is a derivative of it. The connection is hidden from direct view. Because of this, most people utterly fail to detect or appreciate the priceless and irreplaceable role of high net-energy fuel sources (such as oil and gas) to our modern lifestyle. With high net-energy, society enjoys increasing complexity and technological advances. It’s what enables us to pursue massive goals like desalinating billions of gallons of seawater, or going to Mars. But without high net-energy fuel sources, our capabilities quickly regress to those of decades — or even centuries — past. Which is why understanding where we truly are in the ‘net-energy story’ is so incredibly important. Is the US on the cusp of being […]

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