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Collapse@lemmy.mlEnglish · 1 year ago

Shale Wells Are Losing Oil Output Faster Than Expected, Study Says - BNN Bloomberg

www.bnnbloomberg.ca

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Shale Wells Are Losing Oil Output Faster Than Expected, Study Says - BNN Bloomberg

www.bnnbloomberg.ca

maketotaldestr0i@lemm.ee to

Collapse@lemmy.mlEnglish · 1 year ago

5

The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.

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sinkingship@sh.itjust.works
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1 year ago

“Summed up, the industry’s treadmill is speeding up and this will make production growth more difficult than it was in the past,”

And I am darn happy about that! Still shamelessly talking about growth, that’s just crazy.

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This is the place for discussing the potential collapse of modern civilization and the environment.

Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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