Shale Guessing Games

Energy Intelligence’s World Energy Opinion
4 February 2018

In its latest Short-Term Energy Outlook (STEO) last month, the US Energy Information Administration (EIA) provided its initial short-term forecast for US crude oil production for 2019. Assuming the Opec/non-Opec output alliance holds firm and prices don’t collapse this year, it looks like the EIA will once again be guilty of underestimating the strength of the US shale patch.

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