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Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah In order to recover the abundance of these fuels that the EIA claims will be there for the taking, between now and 2050 the industry will need to drill something on the order of 700,000 new wells at a total cost of over $5 trillion. As […]
U.S. shale oil and gas forecast: Too good to be true?
U.S. shale oil and gas forecast: Too good to be true? Earth scientist David Hughes—who is out with a new skeptical report on the future of U.S. shale oil and gas—has two very important things in common with Michael Burry. Burry is the investor made famous by The Big Short, the book that was later turned into a […]
An Inconvenient Talk
An Inconvenient Talk Dave Hughes’s guide to the end of the fossil fuel age DAVE HUGHES IS DRIVING north on Highway 2. Headed out of Calgary, where he worked for thirty-two years at the Geological Survey of Canada, mapping the nation’s coal reserves. Bound for Edmonton, where he grew up and earned two degrees in geology. […]
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst
Pipe Dream: Taxpayer-Owned TMX Is a Bust, Concludes Analyst Expect no Asian windfall for oilsands crude, says a new report by expert David Hughes. Prime Minister Justin Trudeau announces cabinet’s approval to greenlight the TMX project on June 18, 2019. Photo by Sean Kilpatrick, the Canadian Press. Remember that 67-year-old pipeline and its controversial bitumen expansion […]
By Many Calculations, LNG Is a Fail for BC: Report
By Many Calculations, LNG Is a Fail for BC: Report The math for liquefied natural gas is bad on emissions, revenues, jobs, even offsetting coal in China, finds a new study. David Hughes, one of the nation’s foremost energy analysts, has a simple message for the governments of British Columbia and Canada when it comes to […]
David Hughes’ Shale Reality Check 2019
David Hughes’ Shale Reality Check 2019 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: 9 million new oil and gas wells will […]
Canada Lacks A Successful Energy Strategy
Canada Lacks A Successful Energy Strategy “Canada has no energy plan beyond pedal-to-the-metal export of its non-renewable energy assets.” That’s the bottom line of a recent opinion piece in Calgary Herald by David Hughes, an earth scientist and research associate with the Canadian Centre for Policy Alternatives. Canada needs a long-term energy plan to wean […]
OPEC production increase shows it’s still fighting U.S. shale oil
OPEC production increase shows it’s still fighting U.S. shale oil It felt like opposite day as traders bid up the price of oil last week even as OPEC announced an increase in oil production that should have sent prices downward. The cartel decided it had room to move because of outages in Venezuela, Libya and […]
Politics versus the future: Canada’s Orwellian energy standoff
Politics versus the future: Canada’s Orwellian energy standoff There is no denying the utility of fossil fuels, which meet 85% of the world’s energy needs. And consumption is rising along with emissions. Even in Canada, the second largest hydropower producer in the world, 76% of end use energy is provided by fossil fuels. We are told […]
The Problem with EIA Shale Gas and Tight Oil Forecasts
The Problem with EIA Shale Gas and Tight Oil Forecasts Each year the U.S. Energy Information Administration (EIA) produces forecasts of U.S. oil and gas production in its Annual Energy Outlook (AEO), which is widely viewed as an authoritative assessment of what to expect for future U.S. oil and gas output (the EIA prefers the […]
LNG comes to Boston, a harbinger of the future?
LNG comes to Boston, a harbinger of the future? The most curious natural gas story of the year so far comes out of Boston and seems to have echoes of a deepening Russia-related scandal in Washington. A liquefied natural gas (LNG) tanker bearing natural gas produced in part in Russia delivered its cargo to the […]
U.S. Department of Energy Doubles Down on Shale Optimism
U.S. Department of Energy Doubles Down on Shale Optimism The U.S. stock market is not the only thing that’s gotten overheated in the last few years. Exuberance over U.S. energy output has hit a record high as natural gas production has reached its all-time peak, and oil production nears highs not seen in 47 years. […]
Four More Whoppers about LNG in British Columbia
Four More Whoppers about LNG in British Columbia The real facts behind Christy Clark’s rosy claims. BC Premier Christy Clark: a million-dollar website to drum up LNG jobs, but not a single job yet. The B.C. budget claims the province is making money from shale gas. But last month The Tyee showed the province is pouring more […]
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly
Report: Eagle Ford Shale Has Peaked, Lifting of Oil Export Ban Could Drain Field More Quickly A new report published by the Post Carbon Institute concludes that Texas’ Eagle Ford Shale basin, the most prolific shale oil basin in the U.S., has peaked and reached terminal decline status. The Post Carbon report dropped just as Congress is on the […]
Tight Oil Reality Check
Tight Oil Reality Check Much of the cost-benefit debate over fracking has come down to the perception of just how much domestic oil and gas it can produce and at what cost. To answer this question, policymakers, the media, and the general public have typically turned to the U.S. Department of Energy’s Energy Information Administration (EIA), which […]
