Economics
U.S. Vastly Overstates Oil Output Forecasts, MIT Study Suggests
- Estimates from EIA exaggerate impact of fracking technology
- New well output could undershoot EIA forecasts by 10% in 2020
This article is for subscribers only.
Turns out, America’s decade-long shale boom might just end up being a little too good to be true.
There’s no denying that fracking has turned the U.S. into a force in the global oil and gas markets, which has more than a few people abuzz about the prospect of energy independence.