Prognosis Looking Good For American Energy
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  • Andrew Allison

    “Prognosis Looking Good For American Energy”
    Less so for literacy.

  • Jacksonian_Libertarian

    International bureaucracies are even worse than National bureaucracies at providing truthful data and predictions untainted by politics. To be bearish in the face of stunning increases in production, and particularly in the skyrocketing production per well which shows no signs of stopping, and is lowering the break even point of fracking (it has dropped from $80 per barrel to $40-$50 per barrel in just a few years), is just stupid.

  • crocodilechuck

    Walt: ‘Tomorrow looks even better’?

    “Claims that the shale boom in the US will eventually see the country become energy self-sufficient seems to have received its biggest blow yet after the International Energy Agency, in its latest World Energy Outlook report, stated that shale oil will only be a temporary trend, and very soon the world will return to rely on the Middle East for its oil.

    Maria van der Hoeven, the executive director of the IEA, said that “there is a huge growth in light tight oil, that it will peak around 2020, and then it will plateau.

    We expect the Middle East will come back and be a very important producer and exporter of oil, just because there are huge resources of low-cost light oil. Light tight oil is not low-cost oil.” (snip)

    Walter Mead: The Candide of Annadale-on-Hudson!

    http://oilprice.com/Latest-Energy-News/World-News/IEA-Shale-Boom-is-Only-Temporary-well-Soon-be-Relying-on-Middle-East-Again.html

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