Efforts to build community resilience often focus on growing the capacity to “bounce back” from disruptions, like those caused by climate change. But climate change is not the only crisis we face, nor is preparing for disruption the only way to build resilience. Truly robust community resilience should do more. It should engage and benefit all community members, […]
In Bakken Reality Check: The Nation’s Number Two Tight Oil Play After a Year of Low Oil Prices, David Hughes—author of Drilling Deeper (which likely remains the most thorough independent analysis of U.S. shale gas and tight oil production ever conducted) and a number of other reports on North American shale gas and tight oil production—looks at how production in the Bakken has changed after a year of low oil prices.
In this update to Drilling Deeper, David Hughes explores how the EIA’s 2015 tight oil 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 tight oil plays
Vermont Dollars, Vermont Sense: A Handbook for Investors, Businesses, Finance Professionals, and Everybody Else
A growing local economy movement is putting down roots in the United States and around the world, as people work to strengthen local businesses, promote “buy local” campaigns, and end subsidies and other unfair advantages given to nonlocal businesses. Vermont Dollars, Vermont Sense by Michael Shuman and Gwendolyn Hallsmith profiles 28 local investment tools for grassroots investors, businesses, finance professionals, and others—with examples of how these ideas are being realized today in Vermont, the state with the strongest local economy movement in the country.
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
This is a Spanish translation of the Executive Summary of Post Carbon Institute’s report Drilling Deeper.
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.