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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Peak Oil Production
Started by eds, Sep 18 2016 09:59 AM
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