> i wonder how this relates to the numbers behind the peak oil predictions?
+880K barrels/day of production is a significant up-tick in US oil production, but I bet it will end up looking like some fluctuation around the prediction line of Hubberts model[1].
Fracking shale rock 2 km below the surface is just another step towards an EROI of 1:1. The fact that it is considered economically viable now just means that the easier oil sources are gone; not exactly a good sign.
+880K barrels/day of production is a significant up-tick in US oil production, but I bet it will end up looking like some fluctuation around the prediction line of Hubberts model[1].
Fracking shale rock 2 km below the surface is just another step towards an EROI of 1:1. The fact that it is considered economically viable now just means that the easier oil sources are gone; not exactly a good sign.
[1] https://upload.wikimedia.org/wikipedia/commons/thumb/7/79/US...