Do you recall peak oil prophecies?

I’m sure many readers recall the decades of claims that the world is about run out of oil, so hence we must stop using oil because we are at or close to , and soon production will diminish.

U.S. Crude Oil Production – Historical Chart

Yep the US alone is now producing over 12 million barrels a day. Almost all the experts were certain the production would keep declining, and they were wrong.

Never underestimate the difference technology can make.

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