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Opinion: Crushing the US energy export dream

Green Car Congress

The chart below shows the EIA prediction that production will slowly fall and imports will rise (AEO 2014) after 2016. Almost all of it is from two plays—the Bakken and Eagle Ford shales. We hear a lot of hype from companies and analysts about the Permian basin but its reserves are only 7% of the Bakken and 8% of the Eagle Ford.

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Increase in US rig count will not cap oil prices

Green Car Congress

The argument emerged that having contributed to the collapse of world oil prices, US LTO was the new global swing producer, replacing OPEC leader Saudi Arabia in that role. The EIA reported June 14 that it expects LTO output to fall by another 118,000 b/d by July, mostly from the Bakken and Eagle Ford. million b/d in Q1 2016.