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Worrying about an energy crisis causing inflation is like worrying about a gunshot causing a scar.
Oh no, hyperinflation is just the beginning. The end game of peak oil is a catabolic collapse of techno-industrial civilization that makes the Bronze Age Collapse look like a Sunday school picnic in comparison... I simply didn't want to go there in this thread.
Oh no, hyperinflation is just the beginning. The end game of peak oil is a catabolic collapse of techno-industrial civilization that makes the Bronze Age Collapse look like a Sunday school picnic in comparison... I simply didn't want to go there in this thread.
The lack of knowledge on this topic by posters is amazing. Fracking continues because virtually every well is fracked. They fracture the rock with water pressure in order for the oil to flow more freely through the rock. Franking has been going on for 30 or 40 years. It is part of the normal process of bringing a well into production. Franking will continue for many years to come.
The lack of knowledge on this topic by posters is amazing. Fracking continues because virtually every well is fracked. They fracture the rock with water pressure in order for the oil to flow more freely through the rock. Franking has been going on for 30 or 40 years. It is part of the normal process of bringing a well into production. Franking will continue for many years to come.
FWIIW somewhere around 60% of US oil production is produced by fracking. Also the first fracking (fracturing) around 1860 or 1870 employed nitroglycerine or explosive fracking if you will.
Halliburton fracked two wells in 1948 or 1949 via what's not too different than what we do today.
Oh no, hyperinflation is just the beginning. The end game of peak oil is a catabolic collapse of techno-industrial civilization that makes the Bronze Age Collapse look like a Sunday school picnic in comparison... I simply didn't want to go there in this thread.
Oh no, hyperinflation is just the beginning. The end game of peak oil is a catabolic collapse of techno-industrial civilization that makes the Bronze Age Collapse look like a Sunday school picnic in comparison... I simply didn't want to go there in this thread.
Do you even realize what hyperinflation is? Hyperinflation is out of control price increases in an economy, defined as increases exceeding 50% a month- that is an annual rate of 12974.63%/year - not happening.
Also most believe "peak oil" has passed but so what - there is no imminent collapse because other energy sources are quickly replacing oil in a lot of uses. You simply don't want to go where? All a bunch of BS.
FWIIW somewhere around 60% of US oil production is produced by fracking. Also the first fracking (fracturing) around 1860 or 1870 employed nitroglycerine or explosive fracking if you will.
Halliburton fracked two wells in 1948 or 1949 via what's not too different than what we do today.
With shale oil extraction, it's necessary to break apart and destroy a ton of rock to extract enough oil to power a single American car for a measly two weeks... That's barely even worth the effort. Why would any nation resort to large scale shale oil extraction for any reason other than desperation? Shale oil also consumes tremendous amounts of fresh water, another vital resource we are recklessly burning through (in fact, the most vital resource. Man has lived without oil before, but he has never lived without fresh water...)
Do you even realize what hyperinflation is? Hyperinflation is out of control price increases in an economy, defined as increases exceeding 50% a month- that is an annual rate of 12974.63%/year - not happening.
Also most believe "peak oil" has passed but so what - there is no imminent collapse because other energy sources are quickly replacing oil in a lot of uses. You simply don't want to go where? All a bunch of BS.
It must have been a thousand times that I've said this:
There is no replacement for oil. No other energy source available is so dense, versatile, convenient, and transportable.. But I guess we can just wait for benevolent aliens to come to earth and supply the world with a new, free energy source compatible with all the current technology and infrastructure, right
The world will run out of people before it runs out of oil.
Population will diminish sharply in the next 75 years and then utterly collapse. When it all settles down there may not be any cheap gasoline but that will be because it will no longer be processed and distributed everywhere in the world cheaply.
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