From Pine View Farm

Playing the Oil Shale Game 0

Via Naked Capitalism, which summarizes his main points as

  • The US is a much smaller player, in global terms, than the cheerleading would have you believe
  • The EIA (which if anything has a bullish bias) projects that US oil production will peak in 2016
  • Shale gas production is falling for all US plays except Marcellus, and that is estimated to peak in 2020
  • LNG export is a bad idea; the US can’t compete with Russian prices.
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