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View Diary: EIA Renewable Energy Forecast Isn't Just Wrong, It's Wildly, Laughably Too Low (13 comments)

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  •  The EIA did not take into consideration advances (0+ / 0-)

    in horizontal drilling and fracking which opened up massive amounts unconventional oil.

    They also did not take into consideration the very large drops in solar cell costs (which have been now ended with high import tariffs).

    Do you have any sources for reports from 2005 that got the renewables correct?

    Remember how many here in DKos were yelling "peak oil" back in 2005?

    So, should we give thanks to Obama for the freedom to now frack the country to death?

    Freedom and Fracking Lead To Record Increase in U.S. Oil Production
    ...
    The June 2013 BP Statistical Review of World Energy reported “that 2012 had the largest single-year increase in US oil production ever recorded.” Of all countries, the United States attained the “highest growth in production of both oil and natural gas,” an achievement made possible by horizontal drilling and hydraulic fracturing (fracking).
    ...
    The combined technologies of horizontal drilling and hydraulic fracturing (fracking) are implemented commercially only in North America, where they have attracted huge investment and generated enormous economic activity. These technologies are commercially used together to any significant degree only in North America, because that is the only place producers have been (relatively) free to develop and use them.

    Other countries have the potential to increase energy production in this same way—but, to do so, they must free producers to implement these innovative technologies.

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