This is what peak economically viable conventional oil looks like. It does not matter that the price was $147 as it was in 2007, there’s nothing substantial remaining to be found - at any price.
Take a very good look at this because it mirrors the heart beat of the human species and it is growing weaker by the year.
Drilling tens of thousand of holes in depleted oil fields, dropping in bombs to shatter the porous shale, and sucking up the dregs - while losing hundreds of billions of dollars - helped to offset conventional production which peaked in 2005.
But that’s coming to and end as shale production is now declining. We are also peaked out on uranium to power reactors, quality coal, and natural gas.
Let’s examine the situation nearest the edge of the cliff. The UK is not committing suicide - as the author of the following article would have you believe. This dire scenario is a result of the collapse of the North Sea oil and gas industry and shortages of affordable energy in general.
Nations without sufficient domestic sources of cheap energy are powerless to stop their economies from sinking into recession. Unchecked recessions eventually result in collapse.
The optics are never good when the barnyard animals cannot afford to heat their homes however lying and blaming net zero as opposed to telling your citizens they are fucked is always the option governments will choose
Britain’s net zero, green energy madness is set for a head-on collision with reality
The UK is de-industrialising. The jobs, business, money – and emissions – simply go elsewhere
Britain’s net zero plan is to nearly double the demand for electricity (for heating, transport and artificial intelligence) and switch off most of the supply (gas and much of nuclear). If you think that does not add up, you are right. Perhaps Ed (Miliwatt-hour) Miliband is deliberately showing Keir (Starter-Motor) Starmer how barmy the plan is because this week the policy came unstuck – perhaps for good – in six different ways.
Britain’s experiment in virtue-signalling to the world that we are leaders in net zero ambitions has been a risible farce. We have achieved: the highest electricity prices of any developed country; falling electricity usage; the loss of major industries; a worrying dependence on energy imports; a dangerous risk of blackouts; an impending net reduction in nuclear power; net zero impact on global emissions; and net zero influence. Even Rachel (From Complaints) Reeves appears now to realise that growth means abandoning net zero. Read More
What Is To Be Done?
The Men Who Run the World, and their minions The Deep State are obviously aware of this insoluble problem and have gone to great lengths to hide this horrifying situation from the barnyard animals. The energy gaslighting has intensified of late which indicates the situation is rapidly worsening.
They will have asked the Deep State experts ‘What is to be done?’ and were presented with two choices:
Do nothing and watch as unaffordable energy prices eventually cause hyper inflation, resulting in a reduction in consumption, kicking off a deflationary death spiral culminating in the total collapse of civilization. As readers of this blog are aware, this process is well underway in China where the government is fighting desperately to fend off such a collapse.
If they had chose to do nothing the financial system at some point ruptures and the global economy unravels within hours.
Recall when Lehman Brothers crashed and burned, the global economy froze for a few days. The Federal Reserve stepped in to guarantee all financial transactions allowing supply chains to restart. That cannot happen this time because they are exhausting all of their ammunition trying to fend off the Big One.
The end result of doing nothing would involve 8+ billion humans flooding onto the cold, dark streets, very pissed off, and starving. They will be shitting and pissing in their backyards - clean water will be a thing of the past - cholera and other diseases will tear through the 8+ billion.
There will be no police to enforce laws resulting in mass murder, rape - anyone with food will be targeted by the starving, angry hordes.
Cannibalism is guaranteed.
The Men Who Run the World understand that when civilization collapses, their power and control quickly vapourizes. Their security details walk away or more likely toss them out on their asses while drinking the Champagne.
The angry hordes will be looking to blame someone for their plight and will march to where the Men Who Run the World live and skin them alive.
The other option was to devise a plan to exterminate most if not all humans BEFORE the global economy collapses. Why would they not try to prevent the Gates of Hell from opening. Why not avoid being skinned alive?
Fortunately their Deep State scientists are brilliant. They knew that mass vaccinating during a pandemic had previously resulted in the deadly Marek’s Disease. They knew that we do not vaccine during flu season because we run the risk of conjuring up a nightmarish disease that could wipe out the human species.
So what did they do? They created a new, highly contagious, flu-like virus in a lab and unleashed it on the world. Then they murdered millions of Covid sufferers using Midazolam and Remdesivir, blaming Covid, and had the MSM insist that this disease had Black Plague-like morbidity potential.
The intent was to generate extreme fear to make the barnyard animals receptive to Operation Warp Speed. They promised the morons that if they took their shots they’d not get Covid. Then when they contracted Covid they changed the pitch to ‘you won’t die from Covid if you take more shots.’
Over 6 billion barnyard animals responded favourably to this intensive advertising and PR campaign and injected Warp Speed.
https://fasteddynz.substack.com/p/what-happens-when-the-power-goes
https://fasteddynz.substack.com/p/one-year-in-hell
The world runs on oil and nothing else. As Tommy Norris in Landman says, if we wanted to go full electric tomorrow, we don't have the infrastructure for it. We have an energy infrastructure based on oil that is over 130 years old.
https://peakprosperity.com/adam-rozencwajg-peak-oil-arrives-in-the-us-shale-patch-are-you-ready/