Item of General Interest
July 25. I received notice today that an article I helped write is available for free download for the next fifty days. The corrected free link for the article is "An Oil Production Forecast for China Considering Economic Limits." The article discusses the possibility that oil prices may not rise endlessly, and evaluates three future price scenarios. Under the "low" scenario (prices remain under $50 per barrel), oil production in China has already peaked.
Tag Archives: US oil production
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
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Tagged EROEI, IEA, IMF, oil price, recession, shale oil, tight oil, US oil production, WEO 2012, World Energy Outlook
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