Fracking Peaked

Been there, done that. Now, apparently plateauing as long as it holds out.

...The agency does not see energy doom on the horizon, however. By its estimation, after a short dip in production, crude production will reach an “undulating plateau” of about 68 million barrels per day between 2020 and 2035.

Yet strong demand growth from China, which the report estimates is now the world’s largest energy user, and elsewhere will require liquid energy supplies to not just hold steady, but to climb by more than 20 percent.

Meeting that additional demand will fall entirely on unconventional oil sources like Canada’s tar sands as well as increased production of natural gas liquids. A major boost in these energy sources should be able to meet demand, but that is far from certain, Nobuo Tanaka, the agency’s executive director, told reporters in London, according to the Associated Press...

Fracking right! If you people can't let the patriots at Halliburton and their bank$ter owners do what's patriotically right, you deserve what's coming to you. And if you do let them do it they will doubtless make the case you deserve what you get, too.