When will the Permian basin shale play peak?
Veteran energy investor Leigh Goehring says in this Youtubevideo that just about all the growth in global oil production ("All liquids") comes nowadays from the Permian basin shale play in America, a fracking play in Texas and New Mexico which produces shale oil. Therefore it is critical to know when it will peak. Goehring is saying that conventional oil is declining, so when the Permian basin peaks, global oil production ("All liquids") will begin to decline.
So when does Goehring think the Permian will peak? Answer: he thinks the peak will be reached in almost one and a half year. So, around wintertime 2024/2025. Interesting is also to know that the Peak Oil expert Steve St. Angelo believes that 2025 is the year when we reach the Energy Cliff (see for example this page), when things will really take off. Somewhere (like here on December 31, 2020) he said that we have already fallen off the Energy Cliff.
