I'm a bigger Abrams fan than most people. I loved Lost and Fringe in currently one of my favorite shows. This one seems entirely composed of fridge logic. You immediately think it looks cool, then when you are staring into the fridge to get a snack, your head thinks of all of the absurd logic and ruins it for you. Not a good sign when that happens after a 2-minute trailer.
I seem to recall that there's some kind of fantasy book series with a similar premise, but the name escapes me.
I give the premise as a bullshit assignment to Grade 7 kids (you know the sort...oil runs out what will happen?? etc). Bet they come up with a better prediction, with more internal logic than this pile of trash.