Why Long Term Energy Forecasts are Wrong

What is the correct way to model the future course of energy and the economy? There are clearly huge amounts of oil, coal, and natural gas in the ground.  With different approaches, researchers can obtain vastly different indications. I will show that the real issue is most researchers are modelling the wrong limit.

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Shale Boom Prompts Calls for Expanded US Oil and Gas Exports

Early in January, the head of the influential energy lobby American Petroleum Institute (API) made a strong call for the US to become a global energy producer by capitalizing on the recent shale oil boom. In his speech, API President Jack Gerard argued for a reevaluation of the current limitation on the exports of US crude and for a full expansion of LNG exports.

Read more: http://tinyurl.com/keu2y45