2011 August 5

The Master Resource Report  2011-08-05

U.S. oil consumption decline since 2007.    (page 1 )

When does 15 mpg = 27 mpg?    (page 2 )

Net coal exports.   (page 2 )

Velomobile ride across the U.S.   (page 3 )

Shale gas

 The shale gas debate continues even as gas in inventory slips behind year ago levels. Art Berman posted a good analysis of the situation on The Oil Drum today that is well worth reading. “U.S. Shale Gas: Less Abundance, Higher Cost”

“Our analysis indicates that industry reserves are over-stated by at least 100 percent based on detailed review of both individual well and group decline profiles for the Barnett, Fayetteville and Haynesville shale plays. The contraction of extensive geographic play regions into relatively small core areas greatly reduces the commercially recoverable reserves of the plays that we have studied.”

That is it for this week. Needless to say I have been very busy.