Among the big energy stories of 2013, “peak oil” — the once-popular notion that worldwide oil production would soon reach a maximum level and begin an irreversible decline — was thoroughly discredited.  The explosive development of shale oil and other unconventional fuels in the United States helped put it in its grave.As the year went on, the eulogies came in fast and furious. “Today, it is probably safe to say we have slayed ‘peak oil’ once and for all, thanks to the combination of new shale oil and gas production…

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via OilPrice.com Daily News Update http://oilprice.com/Energy/Crude-Oil/Peak-Oil-becomes-an-Issue-Again-after-the-IEA-Revised-its-Predictions.html