Drilling Deeper report on Cleantechnica
October 27, 2014
Post Carbon Institute’s latest report by David Hughes on the prospects for shale gas and tight oil was featured in this article at Cleantechnica.
From the article:
If you are one of those people who smell the stench of bust behind today’s fracking-fueled oil and gas boom, the Post Carbon Institute has an early Christmas present for you. In its latest report, the organization makes the case that US shale oil and gas reserves will peak and drop off rapidly, long before officially predicted by the US Energy Information Agency.
The new Post Carbon Institute report is titled “Drilling Deeper: A Reality Check on U.S. Government Forecasts for a Lasting Tight Oil & Shale Gas Boom.” It was prepared by the same consultant who correctly predicted that official estimates of oil reserves in California’s Monterey Shale 1 formation would fall off the cliff.