Geologist-insider warned about the coming total energy crisis

It is becoming clear that (https://bit.ly/3AOPXoB) we are in far
more trouble than we are being told.  In recent months, all forms
of traditional energy have become significantly more expensive,
and this is fueling price increases all over the planet.  This new
global energy crisis is directly responsible for the astounding rise
in fertilizer prices, it has resulted in a tremendous amount of pain
at the pump for millions of average Americans, and since virtually
everything that we buy has to be transported it is a major
contributing factor to the “inflation boom” that we are currently
witnessing.  Unfortunately, this is just the beginning.
Text of letter:
I am a geologist who has worked in the oil industry for over ten
years. I was just coming out of school in time for the shale
revolution and worked in Denver on the Bakken play in North
Dakota, and then I worked the Permian out of Midland. These were
the two major shale plays, so I have firsthand knowledge. I now
teach environmental science for high-schoolers in Amman, Jordan.
Anyway, back in 2015 I was starting to see reports coming out from
analysts that the shale industry would run out of new places to drill
shale oil wells in the Permian in 2021. These reports weren’t telling
me anything new, just giving me a likely date. You see, shale
drilling is drilling in poor rock quality. Prior to shale, we didn’t
have to frac wells because the rock quality was great, but we drilled
all that good rock up. So, it is really scraping the bottom of the
barrel now and way back then, there was a recognition that it
wouldn’t last forever. Oil is a limited resource. For a time, it was
barely economic to drill shale wells because the margins of drilling
in such poor rock was slightly better than what you could make on
interest due to quantitative easing policy. Most of the shale
companies however, were simply Ponzi schemes and the shale
industry lost billions as a whole. But the result of this loss of
capital was record production. Needless to say, Wall Street figured
it out eventually that they were not making money and so the industry
has been capital starved. That is one problem, the other is that there
really aren’t many more drilling locations. All the good places have
been drilled up which is why you don’t see a rush of shale companies
returning to drilling even though oil prices are rising fast. This lack
of investment will continue to push oil prices higher.
So much of America’s oil production now comes from shale wells.
The problem with shale wells is that the oil production declines much
faster than wells drilled in what we call “conventional” rock.
Conventional oil production has been on the decline for a long time
and shale as helped make up for production. The problem is, that now
that drilling new wells slows, the rate of decline in oil production will
be much steeper. Around the world, many countries that have not
invested in shale (because it is sub-economic) have had their
conventional resources continue to decline. Venezuela was a major
oil exporter, so were Columbia and Mexico. Expect Saudi Arabia to
not be far behind. They have been lying for years about just how much
oil they really have left.
As you keep pointing out, add wars or natural disasters to this and
we are in really big trouble. Oil is the number one resource upon
which the entire global economy is built. High oil prices lead directly
to bread riots and collapse of governments (think the Arab Spring).
Politicians need cheap oil but we won’t be seeing it again. Some
people in the industry keep thinking new technology will save us and
help us develop new oil plays. They couldn’t be more wrong. The
technology for frac’ing was first developed in the 60’s. I can tell
you that there is no new technology being developed right now in
the oil industry that will save us. Physics and geology are against
us on this one, even if we could develop some technology. Wind
& solar won’t save us either, it would require a larger investment
of materials and energy than we have.
There is no way we are getting out of this.
Kraft Heinz (KHC) said in a recent letter to its customers that it
will raise prices in March on dozens of products, including Oscar
Mayer cold cuts, hot dogs, sausages, bacon, Velveeta cheese, 
Maxwell House coffee, TGIF frozen chicken wings, Kool-Aid
and Capri Sun drinks.
The increases range from 6.6% on 12oz Velveeta Fresh Packs to
30% on a three-pack of Oscar Mayer turkey bacon. Most cold cuts
and beef hot dogs will go up around 10% and coffee around 5%.
Some Kool-Aid and Capri Sun drink packs will increase by about
20%.
Kraft Heinz is just the latest consumer manufacturer to announce
plans to boost prices early in the year. Last week, P&G said that it
would raise prices on Tide and Gain laundry detergents, Downy
fabric softener and Bounce dryer sheets by an average of about 8%
in February. Conagra, which makes such brands as Slim Jim, Marie
Callender’s and Birds Eye, has said it plans to raise prices later
this year.
Gallup highlighted that the 79% surveyed in their Jan. 3-16 poll,
who said they expected inflation to rise, was the highest they’ve
measured in the two decades they’ve been asking the question.
“In the past, Americans have always been more likely to say inflation
will increase rather than decrease, but the current expectation is
higher than usual - in fact, it is the highest Gallup has measured in
its trend,” the polling organization wrote in its release.