This is referred to in shale professional circles as The Red Queen effect, referring to a scene in Lewis Carroll’s Through the Looking Glass where Alice learns from the Red Queen that she must run increasingly fast just to stay in the same place. According to the EIA via Reuters, US oil production will peak at 14 million BOPD in 2027, maintain that level through the end of the decade, then rapidly decline. LNG exports are expected to soar from a record 11.9 BCFD in 2024 to 15.2 BCFD in 2025, 21.5 BCFD in 2030 and 26.8 BCFD in 2040 before easing to 26.7 BCFD in 2050, the EIA said via Reuters.
Author: Andrew Topf
Published at: 2025-04-16 22:00:00
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