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EIA shale predictions need closer scrutiny, peak oil group says

11/07/2011
By Nick Snow
Federal oil and gas forecasters have not fully considered factors affecting future US supplies in their recent estimates, members of the Association for the Study of Peak Oil & Gas USA (ASPO-USA) warned on Oct. 26. US Energy Information Administration predictions of significantly greater production from US shale resources may be overly optimistic, they said. "We believe that information and analysis provided by DOE and EIA has glossed over alarming trends regarding oil and gas supply, and fostered complacency about their potentially severe consequences," they said in a letter to US Sec. of Energy Steven Chu. "Without reliable information and a clear understanding of the...
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