Peak Oil Postponed… Again: US EIA International Energy Outlook

It’s not only EIA that has gotten shale the wrong way. The entire world did not believe that some roughneck in the brush could make a difference, let alone break every bit of certainty that Russian oligarchs and Arabian sheiks in their palaces were sure about. That the world will pay high prices for what they oull out of the soil forever. It’s one powerful message to the rest of the world. Shape up or ship out. The resource economy model is always doomed to fail in the long term. They are all living on borrowed time.

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