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Love-Child of Cassandra and Sisyphus1/12/2013 5:39:18 pm PST

Here’s a headline the oil-addicted wingnuts aren’t trumpeting:

Bakken Oil Output Fell in November for First Time in 18 Months

Oil output from North Dakota’s portion of the Bakken shale formation slipped in November for the first time in 20 months after producers began pulling rigs out of the state.

[…]

What the magickal-thinking wingnuts refuse to accept: economics.

Petroleum production in ND only happens because oil product prices are high enough to entice drillers to do the expensive type of drilling needed in the Bakken formation.

When you don’t want to pay high prices, the drillers stop drilling. And the production from wells in ND decrease rapidly after they’re open.