The Bakken’s decline rate increased from a 63,000 bd in December, 2014 to an estimated 72,000 bd in July, 2014
The U.S. Shale Energy Industry is heading for
big trouble and very few Americans realize it. Not only will the peak
and decline of U.S. shale oil and gas production spell disaster for
the U.S. economy U.S. economy, it will also be one of the factors
responsible for ending precious metals manipulation.
The only way the Fed and Central Banks can
continue propping up their fiat currencies is with massive monetary
printing and bond purchases. While this tactic keeps the system
together, it does so by adding debt on top of more debt. This debt can
only be settled by a growing economy.
Unfortunately, the world is currently
experiencing a plateau in global oil production. Without continued
growth of the world’s oil supply, the massive government debt (which
backs the global fiat currencies) becomes a real nightmare.
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