November 21, 2017

The Need for Realistic and Transparent Oil & Gas Analysis

When Post Carbon Institute examined the federal Energy Information Agency’s (EIA) reserves prediction of the Monterey Shale (in southern CA) the EIA reduced their numbers by 96%. Will we see something similar here?
Halt the Harm, December 20, 2016
Barbara Arrindell, Director of DCS

Barbara Arrindell, Director of DCS

Watch the Webinar here.

Note: Discussion by Barbara Arrindell starts at the 30 minute mark.

Halt The Harm, Post Carbon Institute, and Stop the Frack Attack collaborated to host a webinar focusing on Post Carbon Institute’s newly-released reports (authored by earth scientist J. David Hughes) assessing the U.S. Energy Information Administration’s most recent projections for domestic tight (“shale”) oil and shale gas production.

The reports (“2016 Tight Oil Reality Check” and “2016 Shale Gas Reality Check”) evaluate the U.S. Energy Information Administration’s increasingly optimistic projections in light of actual production data (through June 2016) and the agency’s own previous estimates. The reports raise critical questions about the veracity and volatility of the EIA’s estimates, questions that are especially important as the Trump Administration sets its domestic energy policy.

Watch this webinar to learn more about the EIA’s projections and consistent optimism bias for future energy prices and production, as well as how it has created problems for frontline communities and landowners.