Tag Archives: shale oil

IEA Oil Forecast Unrealistically High; Misses Diminishing Returns

The International Energy Agency (IEA) provides unrealistically high oil forecasts in its new 2012 World Energy Outlook (WEO). It claims, among other things, that the United States will become the world’s largest oil producer by around 2020, and North America will become … Continue reading

Posted in Energy policy, Financial Implications, News Related Post | Tagged , , , , , , , , , | 174 Comments

Is “shale oil” the answer to “peak oil”?

Readers have been asking questions about a couple of shale oil articles recently. One is an AP article called New drilling method opens vast oil fields in US. A similar article is a CNBC article titled Massive New US Oil Supply … Continue reading

Posted in Oil and Its Future | Tagged , , , , | 43 Comments