The oil industry has a long history of getting ahead of itself. If you believe some of the early prognostications about hydraulic fracturing, we now have as much as 100 years worth of natural gas in domestic reserves. Over time, though, the predictions for both gas and oil production have been coming down. This week, the International Energy Agency released its annual World Energy Outlook, which argues that the oil production boom from hydraulic fracturing will begin trailing off by the mid-2020s.

via Forbes – Energy http://www.forbes.com/sites/lorensteffy/2013/11/13/enjoy-our-domestic-oil-abundance-while-you-can/