In this update to Drilling Deeper, David Hughes explores how the EIA’s 2015 shale gas projections and assumptions have changed over the last year, and assesses the AEO2015 against both Drilling Deeper and up-to-date production data from key shale gas plays
Climate change, along with the depletion of oil, coal, and gas, dictate that we will inevitably move away from our profound societal reliance on fossil fuels; but just how big a transformation will this be? While many policy-makers assume that renewable energy sources will provide an easy “plug-and-play” solution, author Richard Heinberg suggests instead that […]
This is a French translation of Post Carbon Institute’s report Climate After Growth. La croyance presque universelle de nos élus est qu’il faut s’occuper de la crise climatique en second lieu, après s’êtreassuré de la croissance économique. C’est faire fausse route – à la fois parce que cela sous-estime la gravité de lacrise climatique, et parce que cela présuppose que la vieille […]
Drilling Deeper: A Reality Check on U.S. Government Forecasts for a Lasting Tight Oil & Shale Gas Boom
Drilling Deeper reviews the twelve shale plays that account for 82% of the tight oil production and 88% of the shale gas production in the U.S. Energy Information Administration (EIA) reference case forecasts through 2040. It utilizes all available production data for the plays analyzed, and assesses historical production, well- and field-decline rates, available drilling locations, and well-quality trends for each play, as well as counties within plays. Projections of future production rates are then made based on forecast drilling rates (and, by implication, capital expenditures). Tight oil (shale oil) and shale gas production is found to be unsustainable in the medium- and longer-term at the rates forecast by the EIA, which are extremely optimistic.
A movement is emerging in many places, under many guises: New Economy (or Economies), Regenerative Economy, Solidarity Economy, Next Economy, Caring Economy, Sharing Economy, Thriving Resilience, Community Resilience, Community Economics, Oppositional Economy, High Road Economy, and other names.
Drilling California: A Reality Check on the Monterey Shale provides the first publicly available empirical analysis of actual oil production data from the Monterey Formation. It lays out some of the play’s fundamental characteristics compared to other tight oil plays, including geological properties, current production, production potential, and associated environmental issues.
The rapid spread of hydraulic fracturing (“fracking”) has temporarily boosted US natural gas and oil production… and sparked a massive environmental backlash in communities across the country. The fossil fuel industry is trying to sell fracking as the biggest energy development of the century, with slick promises of American energy independence and benefits to local […]