Must Watch: Reflections on a Decade of US Shale

If you haven't seen it yet, the new lecture from Art Berman is a "must watch." A few months ago, I highlighted Art's videos on shale gas profitability, but this new lecture is filled with much more data and analysis. Here Art argues that the public is mislead by energy company statements that gas reserves are large and that companies are making a profit from shale gas.

After 10 years of production, shale gas in the United States is a commercial failure
Unconventional oil is marginally commercial but will disappoint expectations for energy independence and long-term supply
Shale plays are not a revolution - they are a retirement party
The hope and hype around shale plays creates a dangerous illusion that the energy future is secure and that we do not have to change our consuming behavior