SNAKE OIL

In a new book SNAKE OIL Richard Heinberg shows with exhaustive information to tell the story of The Fracted gas and oil pipe-dreams being sold like the old SNAKE OIL SALESMEN OF OLD SOLD MEDICATIONS.   A dream at least as phony as the snake oil was. Production from the sweet pots is profitable but out of productivity in a 3 year average.  To hold up production numbers new wells have to be sunk at a new well every three years to hold up the numbers.

A review of SNAKE OIL CAN BE READ HERE.+

If  you want to study the info on your own you can buy it here. cheap if you have a Kindle

Wikipedia on Richard Heinberg

A hobby of mine over the last few years has been to study the Peak Oil story and ran across Heinberg in the research.   An early peak oil dude who always showed his knowledge of the facts by logically presenting his arguments with lots of graphs and data listing links you could investigate on your own.  Which I of course have done.  He was right on peak oil and I do believe he is right here.

Lots of evidence out there that might make the average guy hesitant to call BULLSHIT in the Fracted gas and oil surge pushed lately as the source for the next 100 years but is exactly my stand.  The existing evidence out there shows plainly that the 100 year stand is a myth.

well depletion graph

This graph is from actual production wells and you can plainly see that about two years after production wells output is reduced by at least 80% and 94% after 3 years.  These graphs are from the biggest gas fields yet discovered and of course these were the sweet spot wells in these fields.

I believe that THE FRACKING DREAM, is just that a dream.  That is causing plants coal and nuclear to shut down or leave the planning stage.  The fact that renewables known  today cannot supply peak load requirements give us very few supply sources for peak load requirements.  It won’t be coal , and it won’t be gas for long, that leaves one choice that makes most Americans quake in their boots, yep Nuclear is the only present day answer.

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