My bedtime reading tonight is “Oil: The Next Revolution – The unprecedented upsurge of oil production capacity and what it means for the world.” This mind-bending report points to a prolonged period of rising oil production, particularly in the United States (for reasons laid out below), and a potential collapse in oil prices, with all kinds of implications for security, international politics, the economy and, without doubt, climate.
via A Fresh Look at Oil’s Long Goodbye – NYTimes.com.
Categories: Energy, Transportation