Check out this article. Is states:
“The contrary view was put forth in the same journal in an article by M. A. Adelman and this author, noting past pessimism: “For many years now, nearly every forecast has been: an early peak, then in 3-5 years decline in virtually every place but the Persian Gulf.”
It is almost as if they cut and pasted this articles words and just reused it. Kind of reminds one of the global cooling, global warming, climate change “big lie” that leftists just keep on telling.
https://www.forbes.com/sites/michaellynch/2018/06/29/what-ever-happened-to-peak-oil/#3ae5978f731a
JoMa
As I remember, the Persian Gulf includes Saudi Arabia, right ? That is the one place where the sheiks know their future in oil is nearly done, which is why they're shifting to tourism and whatever else.
The younger King --(MBL ?)--is the one that spends time in the US and is attempting to modernize SA in it's economy and customs.
The world has been running out of oil in the next 20 years for the last 100 years.