- US shale production is booming so much the Energy Information Administration is having to revise its projections every which way.
- Technological innovations are at the forefront of the boom.
- Some EIA projections assume no more innovations, so those projects are less relaible.
- It remains to be seen how sustainable long-term shale production is.
U.S. shale production growth has outperformed even the most bullish forecasts, forcing OPEC and the International Energy Agency (IEA) to revise up American supply growth projections month after month.
The U.S. Energy Information Administration (EIA) also expects shale/tight oil to continue to grow in all possible modeled scenarios for the next four years, according to its Annual Energy Outlook 2018 published this month.
See the rest of the story at Business Insider
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