Submitted by SD Contributor SRSrocco
North Dakota is producing oil at a record. However, it will come at a cost.
If oil production is to be LONG TERM, it has to increase in a linear fashion. North Dakota oil production fails this test of time.
Its huge exponential increase will be matched by an exponential decrease on the way down:
Now, if you want to see a LINEAR INCREASE IN OIL PRODUCTION…. HERE IS THE USA:
So, we can see that if oil production is to be LONG TERM, it has to increase in a linear fashion. North Dakota oil production fails this test of time. Anyone who disagrees with me, just stay alive for a few more years to watch the exponential decrease… sorry I wish I had better news.
About everything else… so be it. All those huge reserves of oil in Utah, Colorado, Wyoming and etc is OIL SHALE… not to be confused with SHALE OIL (tight oil). That stuff is shale that has to be crushed and then made into oil. Its actually far worse than TAR SANDS which has an EROI of 2-4/1. Oil Shale is not even commercially viable at $100-120 a barrel…. and its EROI maybe closer to 1-2/1.
I hate to break the DON”T BE A DOOMER…GIVE ME SOLUTIONS PARTY, but the minimum EROI of OIL for an advanced society to sustain itself is over 8/1.
I guess we can just keep on DREAMING THE GREAT WHITE WAY….until reality hits us on the forehead.