The IEA Is Grossly Overestimating Shale Growth

This week, the IEA said that U.S. shale would dominate the oil
and gas markets over the next decade, rising to “a level 50 percent
higher than any other country has ever managed.” With a “remarkable
ability to unlock new resources cost-effectively,” U.S. shale will
add millions of barrels of new oil supply by 2025. But some view
such heady predictions as fanciful. There are a variety of reasons
why U.S. shale could struggle to add several million additional
barrels per day over the next few years. But here are just a
few.…

This week, the IEA said that U.S. shale would dominate the oil
and gas markets over the next decade, rising to “a level 50 percent
higher than any other country has ever managed.” With a “remarkable
ability to unlock new resources cost-effectively,” U.S. shale will
add millions of barrels of new oil supply by 2025. But some view
such heady predictions as fanciful. There are a variety of reasons
why U.S. shale could struggle to add several million additional
barrels per day over the next few years. But here are just a
few.…