Oil shale mine in Estonia

Shale oil and gas fraud: A sign of a peak in oil supplies?

By Kurt Cobb, Resource Insights

Investment icon Warren Buffett once wrote in a letter to shareholders, "You only find out who is swimming naked when the tide goes out." In the wake of the pandemic, the tide has gone out in U.S. shale oil and the naked swimmers are all around. With this decline of the so-called "shale miracle" is a peak in world oil production already behind us?