IEA Investment Report – Stumbling on the Real Story

What the IEA has inadvertently stumbled upon is the reason why oil limits are a problem…It looks like there are plenty of resources available and plenty of ways to reduce energy use through mitigation. In fact, it becomes to impossible to finance everything that needs to be done.

The great imaginary California oil boom: Over before it started

It turns out that the oil industry has been pulling our collective leg. The pending 96 percent reduction in estimated deep shale oil resources in California calls into question the premise of a decades-long revival in U.S. oil production and predictions of American energy independence.