Just wanted to post Art Berman’s latest article on Peak Oil. Chris how about bringing Art back to explain this? Art doesn’t account for the economics side of things and the debt that is needed for Shale, Fracking, Tar Sands, Wind and Solar. Art basically says Shale has delayed Peak Oil. What happens to Art’s theory if we have a global economic Black Swan? Does he really believe you can increase the price of Shale so the price is out of reach for the consumer?
Huh!? Peak Oil: Requiem for a Failed Paradigm | Art Berman
Of course Steve St Angelo had a good laugh at Art’s Peak Oil explanation.