31 Dec '13, 2pm

Newest evidence that #oil and gas resources are finite and we need to focus on clean #energy solutions

If you listen to the oil and gas industry, American can go on forever depending on dirty fossil fuels. Some people define "forever" differently than others. The Great Law of the Iriquois nations says: "Look and listen for the welfare of the whole people and have always in view not only the present but also the coming generations, even those whose faces are yet beneath the surface of the ground -- the unborn of the future Nation." Researchers from the University of Texas have published a peer-reviewed paper that details the rapid decline of shale gas well production. They reviewed data for more than 8,000 wells over a ten-year period, and found that “many wells are on track to produce only about 10 percent of their potential” and “most horizontal wells for which predictions are possible underperform their theoretical production limits.” Why is this important? Here’s the col...

Full article: http://switchboard.nrdc.org/blogs/amall/newest_evidence_t...

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