Fracking is a CATASTROPHE that will become obvious, soon. One year, two years, maybe three or four. The CATASTROPHE can only be fended off for only so long, and that time is fast approaching!
It will be clear to all, who are half-way paying attention, that we have an ENORMOUS PROBLEM.
FRACKING has brought us an artificially-booming market and economy, that has been propped up with INSANELY-MASSIVE AMOUNTS OF DEBT... investor money, thorough stocks, bonds and cheap low-interest loans.
In a nutshell: Traditional oil wells can produce a lot of oil for decades. A fracked oil well can deplete most of it's reserves in only 3 to 4 years.
To maintain oil production (by fracking), they must keep adding new fracking wells at a frantic pace, using up massive amounts of water, sand and other chemicals.
It's kind of like running on a treadmill, where the speed keeps slowly increasing over time. There will come a time when you just can't keep up. And for the fracking industry, that spells CATASTROPHE.
If all of the new fracking had stopped on January 1, 2018, then production brought on in the previous fracked wells would have depleted by 44% by December 31, 2018.
If you understand that dynamic and how those numbers exponentially get worse over time, then you'll understand the predicament we are in. They MUST keep adding new fracking wells all the time, and the more wells they add now, those must be replaced with even more later, just to keep production from falling.
To understand further, you should know that most fracking operations have not been profitable.
While you may have heard that fracking can be profitable at $30 to $40 per-barrel oil, that is not true. Most likely, fracking may be profitable with oil prices in the range of $80 to $150 per barrel, if not even higher than that range.
But that's not the only factor. You must consider: EROEI
That is Energy Return On Energy Invested.
Since the "abundant, cheap" oil has already been found, and much already used up, it takes considerably more energy to extract oil from more remote places, and often with smaller, harder-to-extract reserves.
There is a new article, from SRSRoccoReport.com, titled:
This article should give you an even-clearer picture of exactly where we are in this evolution of oil production and our economy.
Read all about it, here...