Bloomberg News is the latest media outlet to feature work by Justin Montgomery of ERL and the Department of Civil and Environmental Engineering and Francis O'Sullivan of the MIT Energy Initiative and Sloan School of Management, putting into context the "potentially game-changing detail" they have uncovered about the U.S. Department of Energy's official predictions of oil production and the impact it could have on the global market.

This was the subject of front-page article in Bloomberg News on 12/01/17:

https://www.bloomberg.com/news/articles/2017-12-01/mit-study-suggests-u-s-vastly-overstates-oil-output-forecasts

Montgomery also appeared on Bloomberg TV on 12/06/17:

https://www.bloomberg.com/news/videos/2017-12-06/mit-study-role-of-tech-is-overrated-in-energy-video

The paper these stories reference was publiushed in Applied Energy in January of this year and can be found through our online library:

http://erlweb.mit.edu/spatial-variability-tight-oil-well-productivity-and-impact-technology