Has oil peaked?
Last month, the world’s 4th largest oil company—BP—predicted that the world will never again consume as much petroleum as it did last year. So, have we finally hit peak oil? And if so, what does that mean for our...
David Hughes’ Shale Reality Check 2019
1.9 million. 13 trillion. 10 billion. These are the numbers that jumped off the page when I read PCI Fellow David Hughes’s latest “shale reality check” report on the U.S. government’s forecasts of domestic oil and gas production. To...
Our Bonus Decade
“The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been expected to suggest alarm. The lapse of time during...
Politics versus the Future: Canada’s Orwellian Energy Standoff
Governments telling us we must increase emissions from oil and gas production in order to meet emissions reduction targets would make George Orwell proud.
The Problem with EIA Shale Gas and Tight Oil Forecasts
Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment of what to expect for future U.S. oil and...
New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.
Well, I’m amazed and impressed. Tight oil production has pushed total United States petroleum output to more than 10 million barrels a day, a rate last seen almost a half-century ago. It’s a new U.S. record. Fifteen years ago...
U.S. Department of Energy Doubles Down on Shale Optimism
The U.S. stock market is not the only thing that’s gotten overheated in the last few years. Exuberance over U.S. energy output has hit a record high as natural gas production has reached its all-time peak, and oil production...
EIA: U.S. Energy Abundance for Now— But Don’t Peek Behind That Curtain!
The Energy Information Administration (EIA) of the U.S. Department of Energy is about to release its Annual Energy Outlook (AEO) 2018, with forecasts for American oil, gas, and other forms of energy production through mid-century. As usual, energy journalists...
2016 Shale Reality Check: Web Presentation
In this recording, David Hughes, author of a series of groundbreaking reports analyzing the long-term prospects of the so-called “shale revolution” shares some of the key findings from his latest reports: The 2016 Shale Gas Reality Check and 2016...
2016 Shale Gas Reality Check
In 2014, Earth Scientist David Hughes took a hard look at the EIA’s existing Annual Energy Outlook shale gas and tight oil forecasts and conducted his own play-by-play, in-depth analysis to create the groundbreaking report, Drilling Deeper. In Drilling Deeper,...