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Peak Oil Production


 
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#1 eds

eds

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Posted 18 September 2016 - 09:59 AM

The Bakken oil field located in North Dakota,
. . . reached peak production in December 2014 at,
. . . 1,269,000 barrels per day, and is now down 25% to
. . . . .942,000  barrels per day.


Unfortunately, by April 2015 it was clear that the oil markets were in a secular decline,
. . . brought on by oversupply in the global energy markets,
. . . fueled by a deep recession in China.
As a result, companies started to lay off workers, and
. . . over the following months caused a massive exodus of people,
. . . as jobs were eliminated.

9-18-2016 Source:  Peak Oil Production

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