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>It’s the reason why America is cutting its energy output. In addition, there's the rapid decline curves of wells producing "tight oil". [1] [1] - https://ene

• codingdave 4y ago
  That is a great chart - if looked at carefully, especially when comparing to the rig count, which had a huge drop at the start of the pandemic but has been steadily increasing for a couple years... it is clear the the reduced output is not due to slowing of drilling, but to the steeper decline of output from non-traditional wells (fracking, horizontal drilling, etc.) The engineers in the oil & gas industry were predicting this eventuality back in 2009 when I was working on an app in that arena. The main reason I point this out is to make sure people realize that "America is reducing its energy output" is political rhetoric and not productive to the conversation. The reality is that our oil & gas output is not sustainable in the long-term no matter where your politics fall, and we need new solutions.
  • alexnewman 4y ago
    There’s an incredible amount of oil on the gulf coast of the USA . You are misled