Expert” Predicts Marcellus Production Will Peak in 2015

An alarmist article appears on the Seeking Alpha website which posits (indeed strongly implies) that production in the Marcellus Shale will top out in 2015 and then begin to decline. The article bases this assertion on the observation that other shale plays in the U.S. have already turned the corner and have started to decline. The article is authored by Bill Powers–ring a bell? He’s been making the same prediction since 2012 when he published a “peak natural gas” book–and he’s been trying to peddle his book ever since (see Energy Industry Expert Says Shale Gas Will Last < 10 Years). Back in 2012 Powers said we have a 5-7 year supply of shale gas and that’s it. Last time we checked the numbers (now 2 1/2 years later from Powers’ original prediction date), shale production continues to go through the roof with no signs of slowing down, and proved reserves of shale gas continue to grow exponentially…

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