U.S. government’s forecasts of domestic oil and gas production mean climate apocalypse

by Asher Miller, Post Carbon Institute

1.9 million. 13 trillion. 10 billion. These are the numbers that jumped off the page when I read PCI Fellow David Hughes’s latest “shale reality check” report on the U.S. government’s forecasts of domestic oil and gas production. To elaborate, these forecasts mean that by 2050:

  • 1.9 million new oil and gas wells will need to be drilled;
  • $13 trillion will need to be spent to drill all those wells; and
  • 10 billion barrels of tight oil production will be “missing” from shale plays to meet the reference case forecast for cumulative production.

Read more: https://www.postcarbon.org/david-hughes-shale-reality-check-2019/

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