Banki moon / C Figueroa - cut coal yes all in favor of the U.S A nearly 4-fold increase in U.S. shale gas production forecast for 2035. The April 2011 U.S. Energy Information Administration annual energy outlook report forecasts that “domestic natural gas production will increase dramatically during the next 24 years [2011-2035], when shale gas accounts for nearly half of domestic production.” . . . The EIA forecasts a nearly four-fold increase in shale gas production to 26.3 trillion cubic feet in 2035 from 12.2 in 2009. The share of natural gas coming from shale will be about 47 percent in 2035, according to the report, compared with only 16 percent in 2009. The production forecast is based on estimates of about 827 trillion cubic feet of recoverable natural gas, but the EIA cautions that those numbers are highly uncertain and based on ‘many assumptions.’” Shale gas forecast. Natural gas projections. (Barrett Goldsmith, Reporter, “Report: Oil at $125 in 2035, imports to decline,” Houston Business Journal, Friday, April 29, 2011 reporting findings in EIA, Annual Energy Outlook 2011, U.S. Energy Information Administration, U.S. Department of Energy, Washington,
Posted on: Tue, 19 Nov 2013 00:42:58 +0000