New Report Says Shale Bubble Will Pop & Energy Independence Claims Are Absurd

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A new report has been released entitled "Drill, Baby, Drill - Can Unconventional Fuels Usher in a New Era of Energy Abundance?"  Here's how it's described:
In this landmark report, J. David Hughes from Post Carbon Institute takes a far-ranging and painstakingly researched look at the prospects for various unconventional fuels to provide energy abundance for the United States in the 21st Century. While the report examines a range of energy sources, the centerpiece of “Drill, Baby, Drill” is a critical analysis of shale gas and shale oil (tight oil) and the potential of a shale “revolution.”
It should be noted that J. David Hughes has already been saying for a while that shale gas is not a long-term answer.  I'd imagine that the industry response will suggest that this report worked backwards from a predetermined conclusion.  The Post Carbon Institute is unquestionably opposed to fossil fuel, with Bill McKibben as one of its fellows.

Here is the "Executive Summary" of the report.  The full report can be viewed below that.




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