Too bad according to Hubbert we hit Peak Oil In 1970 ...
This author appears to be a misfit with his proclamation ‘This situation also creates opportunities for further improvement, exploring new areas and projects that, due to their nature, do not depend on current oil prices.’
What kind of statement is that anyway?
Obama just allowed Iran to dump loads of oil on the market. Good for Europe, India and China, but going to hurt domestic shale oil production. Coincidence?