Shale Reality Check 2019.
From David Hughes for the Post Carbon Institute, November 12, 2019
Drilling Into the U.S. Government’s Optimistic Forecasts for Shale Gas & Tight Oil Production Through 2050.
Shale gas and tight oil have provided a new lease on life for U.S. oil and gas production. But how sustainable is shale production in the long term given optimistic forecasts of robust production through 2050 and beyond?
In this report, earth scientist J. David Hughes assesses the viability of the U.S. Energy Information Administration’s (EIA) shale forecasts in its Annual Energy Outlook 2019, which are widely used by policymakers, industry, and investors to make long-term plans. His detailed analysis finds that the EIA’s forecasts of tight oil and shale gas production through 2050 are extremely optimistic, and highly unlikely to be realized.
Shale Reality Check 2019 is part of Post Carbon Institute’s Shale Bubble series.
To read the report, follow this link.