Hughes report quoted at Science Daily
October 28, 2013
Post Carbon Fellow David Hughes’ report Drill Baby Drill? was quoted in this article on scientists reservations about the future prospects for shale oil and gas.
From the article:
“The many trends of declining EROIs suggest that depletion and increased exploitation rates are trumping new technological developments,” Hall said.
J. David Hughes, president of the Canadian firm Global Sustainability Research Inc., echoes Hall with an analysis of the Bakken Field and the Eagle Ford Field of Texas, which together comprise more than half of U.S. tight oil production. It shows that drilling must continue at high levels, to overcome field decline rates of 40 percent per year.