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Interesting Times1/12/2013 5:44:29 pm PST

re: #73 freetoken

Glad you brought this up, because I wondered what your thoughts would be on this:

US oil production ‘to jump by a quarter by 2014’

US oil production will jump by a quarter by 2014 to its highest level in 26 years, figures suggest.

“Total oil production is about to rise,” Fatih Birol, chief economist at the IEA, told the BBC.

“We estimate total oil production to reach about 100 million barrels a day, about 20 million higher than today.

“This growth comes from unconventional [shale] oil.”

The discovery of shale oil means global oil production will not peak in the next 20 years, Mr Birol added.

Of course I get the feeling a whole pile of stuff was left out, but I can’t fisk these kinds of things like you can.