PCI report quoted in Deutsche Welle article on over optimistic shale forecasts
November 16, 2018
Post Carbon Institutes Shale Reality Check report was quoted in this article on the latest IEA energy report.
From the article:
The IEA has also warned of the hazards of relying on US shale to plug the shortage, adding that it would require a tripling of US tight oil production from today’s level in just seven years. And while the Paris-based agency does see the US dominating the world energy market by 2025, it said in its latest report, released on Tuesday, “it would appear risky” to rely on such a drastic growth in oil production…
In its latest report called Shale Reality Check, the Post Carbon Institute backed up the assertion that the shale boom had been overhyped, adding that the US’s Energy Information Agency’s (EIA) forecasts were “highly to extremely optimistic,” and therefore “unlikely to be realized.”