New U.S. Record-Level Oil Production! Peak Oil Theory Disproven! Not.

Sometime in the next few years, global oil output will indeed start to fall and the fact will be undeniable—even though the cause will likely be attributed to a financial or economic crash. But even if tenacious peak oil supply theorists feel vindicated, confirmation of their warnings will carry no sweetness.

Truth takes a hit in the battle over U.S. oil export ban

They say that the first casualty of war is truth. And, on both sides of the fight over lifting the ban on exports of U.S. crude oil, the truth has already fallen into a coma. The ban was instituted in 1975 in order to make America less subject to swings in international oil supply after suffering the price shock associated with the Arab oil embargo in 1973.