[Peakoil] Shale oil revolution is no such thing
Alex Pollard
alex-po at trevbus.org
Thu Dec 13 20:48:53 EST 2012
http://crudeoilpeak.info/us-still-needs-to-import-50-percent-of-its-crude-oil-requirements-despite-increasing-shale-oil-production
"Conclusion
The earlier US shale oil bonanza spin spread by the IEA is now in the
minds of thousands of planners and government officials. Preparations for
future oil decline already overdue will be further delayed. The new
EIA data tell a somehow different story but the damage has been done. And
reality will be different yet again. Moreover, shale oil will neither stop
armed conflicts in the Middle East impacting on oil supplies nor solve the
budget problems in many countries where oil production has already peaked.
The reader of this article may judge whether all of the above constitutes
an (oil-) energy revolution."
Alex
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