IEA: Shale Oil and Gas Are Here to Stay

This chart comes from the International Energy Agency, which has not always had the greatest track record in world when it comes to energy projections, but it’s still worth a look:

I have long been under the impression that shale oil and gas production is likely to peak and then decline fairly rapidly, but this IEA projection suggests that shale gas production will grow through 2040 and shale oil production will decline only modestly after 2025. I need to take a closer look at this before I offer any comment, but thought it was worth putting it out there while I ponder over it.

Hat tip to James Pethokoukis at AEI, who misattributes this IEA chart to the EIA.

HERE ARE THE FACTS:

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ONE MORE QUICK THING:

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As we wrote over the summer, traffic has been down at Mother Jones and a lot of sites with many people thinking news is less important now that Donald Trump is no longer president. But if you're reading this, you're not one of those people, and we're hoping we can rally support from folks like you who really get why our reporting matters right now. And that's how it's always worked: For 45 years now, a relatively small group of readers (compared to everyone we reach) who pitch in from time to time has allowed Mother Jones to do the type of journalism the moment demands and keep it free for everyone else.

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