Shale sub-prime and the Ides of March
In the first half of 2014 the volume of debt issued by the global petroleum industry was equivalent to the GDP of Austria.
shale bubble
Déjà Vu All Over Again
Every square on the bingo card marked “economic debacle” has been filled in with a pen dipped in fracking fluid.
Drilling Deeper: New Report Casts Doubt on Fracking Production Numbers
Post Carbon Institute has published a report calling into question the production statistics touted by promoters of hydraulic fracturing or fracking.
Are Shales a Bubble?
When considering shale economic viability, hype was the only aspect that actually existed.
Is the Texas Barnett a harbinger for the Pennsylvania’s Marcellus?
…the University of Texas released an updated study on the Texas’ Barnett shale formation which confirmed the Barnett’s overall shale gas production has now declined by more than 20 percent since 2011. The study also confirmed of the 16,000 Barnett wells drilled to date about 12,000 of them are now classified as depleted.
Richard Heinberg Navigating the New Economic Reality Part 1
In this keynote presentation Richard surveys three over-arching global trends that provide the context for smart local economic development and planning.
The End of the Shale Bubble?
It’s been a little more than a year since I launched the present series of posts on the end of America’s global empire and the future of democracy in the wake of this nation’s imperial age. Over the next few posts I plan on wrapping that theme up and moving on. However traumatic the decline and fall of the American empire turns out to be, after all, it’s just one part of the broader trajectory that this blog seeks to explore, and other parts of that trajectory deserve discussion as well.