Very interesting article summing up the string of oil and gas reserve discoveries, as well as the advancement of technology that allows oil extraction from previously inaccessible geologic formations. The forecast for global transfer of wealth OUT of Europe and the United States into Russia and the middle east, as well as the Peak Oil predictions themselves, will have to be revised significantly upward – that is, the West will have sufficient supply at current usage rates, for another sixty years. The article is from the Telegraph UK:
Energy crisis is postponed as new gas rescues the world – Telegraph
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