Courtesy of The Automatic Earth.
Ben Shahn Farmer’s daughter near Mechanicsburg, Ohio Summer 1938
The eurocrisis is over, the US Navy makes fuel from seawater, and America will be energy independent by 2037, according to the EIA. Boy, where do we begin? We’re getting flooded with an increasing amount of sheer nonsense wrapped in sheep’s clothing, and it’s hard to keep up. We not only live in a pretend economy, by now most of what we think we see isn’t really there at all. Indeed, there’s not even a there there anymore. Look, if you believe that the Navy can power its fleet with fuel made from seawater, you should probably know there’s a lot of gold in the oceans as well. Which means that you are potentially very wealthy. All you have to do is dig it out.
On a slightly – but only so – more serious plane, do you guys realize that the folks at the EIA get paid hefty salaries to produce reports like the new one that predicts the US will be energy independent in a mere 23 years? I kid you not. See, I think the US propaganda machine for Ukraine is insane and unworthy, but then you get this on top of all that.
US To Become Oil Independent By 2037 – EIA (RT)
US may stop importing oil by 2037 as abundant domestic crude supplies, including North Dakota’s Bakken field and Texas’s Eagle Ford formation, may push production to the level of consumption, according to the US government. The US Energy Department’s branch that collects and analyzes data – the Energy Information Administration (EIA) says that within 23 years the world’s largest economy may become energy independent …
Alright then, once again, there we go. First, Rune Likvern on decline ratio’s in the Bakken Play’s Reunion Bay:
