US Peak Oil in 2025-2026; Vaccine Shedding Conspiracy-Fact?

Daily Digest
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Originally published at: https://peakprosperity.com/daily-digest/us-peak-oil-in-2025-2026-vaccine-shedding-conspiracy-fact/

Energy

U.S. oil production is reportedly experiencing a complex phase, with predictions of a peak around 2025 or 2026. The industry has seen a technological shift with hydraulic fracturing unlocking “Tight Oil,” challenging earlier forecasts by M. King Hubbert. Despite a slowdown in production, estimates suggest a plateau rather than a decline, with potential implications for global oil markets. ConocoPhillips CEO Ryan Lance has suggested that U.S. oil production might plateau later this decade, predicting a peak at around 14 million barrels per day before stabilizing for a long period, while analysts warn of an imminent peak in 2024, highlighting the ongoing debate about the future of U.S. shale oil.

Meanwhile, Bitcoin miner MARA Holdings has acquired a Texas wind farm, opting to power its operations off-grid. This move highlights the ongoing competition for energy resources, as cryptocurrency miners face challenges from the rising demand of AI technologies. Local community reactions have been mixed, with concerns over potential noise pollution and the aesthetic impact on the landscape.

US Politics

A congressional report accuses the Biden administration of warrantless surveillance on Americans, particularly targeting Trump supporters. The report alleges that banks like Bank of America and Wells Fargo shared customer data with the FBI, leading to profiles based on political beliefs. This has raised concerns about privacy and the potential misuse of financial data. Bank of America has clarified that they comply with legal requests for information from law enforcement but do not voluntarily provide customer data without legal process, emphasizing their commitment to customer privacy.

In a related legal matter, a judge has halted the enforcement of a rule requiring businesses to report beneficial ownership to FinCEN, citing federal overreach. This decision underscores ongoing debates about the balance between transparency and privacy in financial regulation. The Treasury Department intends to appeal the ruling, arguing that the rule is crucial for protecting the U.S. financial system from illicit activities.

Geopolitics

Syria’s political landscape has shifted with the fall of the Assad regime, now replaced by reported radical Sunni jihadists. This change has significant geopolitical implications, with Russia and Iran purportedly losing strategic footholds, while Turkey and Western powers potentially gaining influence. The situation remains fluid, with promises of a new government met with skepticism, drawing parallels to past unfulfilled promises in the region. There are widespread concerns about the nature of the new governance, with skepticism due to the history of the new leaders as affiliates of radical groups.

Economy

U.S. national debt has surpassed $36 trillion, prompting discussions on unconventional solutions like printing money or minting trillion-dollar coins. Ellen Brown suggests these measures could stabilize debt growth without causing hyperinflation, provided the new money is used to boost domestic production. House Speaker Mike Johnson has proposed a temporary extension of the debt ceiling to avoid default, sparking debate among both parties as a short-term solution to managing the national debt. This debate highlights the challenges of managing national debt while maintaining economic stability.

Health

A new study claims that COVID-19 vaccine “shedding” may affect the menstrual cycles of unvaccinated women, sparking controversy and debate. The study suggests a transfer of effects from vaccinated to unvaccinated individuals, though the phenomenon’s validity and implications remain contentious. Health experts argue that while menstrual changes have been observed, these are likely due to stress, changes in lifestyle, or the immune response to the vaccine, not shedding.

Sources

U.S. Oil Production: The Boom, The Bust, and The Uncertain Future

“Hubbert’s peak oil theory was effectively falsified when United States oil production began to increase in 2009 and surpassed the 1970 peak in 2018.”

Source | Submitted by roosterrancher

Banks, Biden, and Big Brother: Congressional Report Alleges Warrantless Surveillance on Pro-Trump Americans

The Biden administration worked with banks to ‘spy’ on Americans without a warrant, a stunning new congressional report charges.

Source | Submitted by bcoop

Syria’s Power Shift: Winners, Losers, and the Middle East’s Uncertain Future

Syria was Russia’s closest ally in the Middle East. Now the Russians have been forced to pull all of their forces out of the country and will be losing their sole naval base on the Mediterranean Sea…

Source | Submitted by AaronMcKeon

Escaping the Debt Trap: Can the U.S. Print Its Way Out of a $36 Trillion Hole?

Borrowing Is Actually More Inflationary Than Printing

Source | Submitted by intrepid

Bitcoin Miner MARA Holdings Buys Texas Wind Farm, Powers Down Grid for Crypto Gains

“Crypto mining operations currently consume around 2.3 percent of US electricity, and it requires roughly 155,000kWh to mine one Bitcoin,” notes the site Data Centre Dynamics.

Source | Submitted by Shplad

Judge Halts FinCEN’s Beneficial Ownership Reporting Rule, Citing Federal Overreach Concerns

Judge Mazzant’s opinion strongly rebuked the CTA for overstepping constitutional boundaries.

Source | Submitted by Acorn Endeavors

New Study Claims COVID-19 Vaccine ‘Shedding’ Affects Menstrual Cycles of Unvaccinated Women

Something is being shed from the COVID-19 vaccinated population to the unvaccinated population.

Source

In addition to sources submitted by community members, the following were also used in the creation of this report: SP Global, Goehring & Rosenzweig Bulletin, Bloomberg, Reuters, The Guardian, Bank of America, US Treasury Department, Al Monitor, The Economic Collapse Blog, The Hill, Tech Crunch, The Toronto Star, and The BBC.

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That concerns about wind power’s aesthetics and noise rival concerns over fossil fuel emissions says a lot about humanity’s future: it’s a very dark future.

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The concerns in question are about the mining noise, I believe. Although it doesn’t negate your point.

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Totally off-topic, but I burst out laughing when I read that and my husband thought I’d popped a gasket. Sad state of affairs when your normal, everyday people view “health experts” in the same category as Bozo the Clown.

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Good article from… The Daily Kos? Good heavens.

Anyway, the claim that “Hubbert’s peak oil theory was effectively falsified when US oil production began to increase in 2009” reads like “the atomic theory of matter was effectively falsified when atoms were split in 1938.” Um, no, there are layers to both of these onions that are not adequately captured by glib J-school rhetoric. Oh, and mathematical modeling and computer technology just may have progressed a little since Hubbert’s work in 1956. I have to admire Hubbert, he did a bang-up job with what he had on hand at the time.

Anyway, it was good to see the author “tampaedski” found results similar to mine:
tampaedski’s:
usprodand43tightoilmodelbusyversion

mine:
peak22
The center line is the best fit, and the upper and lower bounds are one standard deviation in results from the genetic algorithm model I used. Also notice the different time scale; my plot starts in 2010 and is more prediction-focused.

Unfortunately I gave up fitting the EIA US production data in 2022 when they started including natural gas liquids in the petroleum totals. I think they’re juicing the numbers this way to keep the midwits from panicking. I’m not sure how much longer the EIA can keep this under wraps. Perhaps long enough that the current administration can exit gracefully(?) and leave the next administration to try to explain the bad news.

Anyway, the late 2020’s are probably going to get rougher. “Plant a garden.” Good article linked in the original post.

It’s a pity that the Eisenhower administration didn’t pay more attention to Hubbert’s predictions and start building out nuclear power (including wrapping up development on thorium) at a faster pace. The oil shocks of the early 70s were entirely foreseeable and preventable. Maybe with a little foresight we could have avoided the OPEC embargo, disco, pet rocks, and maybe even Jimmy Carter as well. My, what coulda been.

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:rofl:…

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The future is dark indeed.

A solar panel and battery factory is proposed for a nearby farm. Together with a substation the who land use will cover 600ha (1500 acres). And it takes away/ risks the food production for 78,000 people.

These electrical industrial areas were meant to be placed of roofs, or lowest income producing land. That fact seems to have been lost in the free-for-all grab by those with deep pockets, or access to the buckets of superannuation fund money that is like a carcass to flies.

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Saw theory nuclear power and possibly thorium based one is that “magic weapon”, energy source, they wouldnt want to free to world. They’ve slowed down its progress as much as possible. Possibly IAEA politics could show some proof in this direction. Eg it is not necessarily some “black magic” in bunkers but out in t he open hindered by deliberate policies. Only now are we seeing SMRs and smaller scale nuclear power being researched by commercial use.

Shrinkflation. What corrupt administration always does to last tee to keep hold of power. Same as with money, dilute it as long as possible. People in next 50 years would then so slowly,gradually adjust to new thing. Question is can it be managed like that, when greed, world hegemony and other “pride” things also conflict with this.
We already see how suddenly corporations are allowed to have nuke plants. And as we see with germany example, natural gas is then “new oil” that close taps and it is ultimate blackmail tool for economy. Nuclear power is less so, as one could stockpile 30 years worth fuel rods and avoid shortterm politics manipulation and blackmail of markets.
I dont find slow managed decline bad, but as with economy, it rarely happens gracefully like that.

BTW saw show with Jeffrey Sachs in chinese themed channel who praised how they are doing right things for their economy and society, investing seriously in electric based products and grid, thus reducing in medium term import based (=blackmail) energy sources. I forgot what coal export dispute between australia and china was about but human rights and politics were somehow related.

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