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APR 28, 2014 - Business Insider

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Here's The Statistic That Will Be Written On The Tombstones Of Peak Energy Believers

'Peak oil' proponents — the guys and gals who believe overconsumption combined with scarce resources will lead to stratospheric energy prices — are now clinging to the hope that the shale oil and gas boom will fizzle out as the cost of drilling climbs. For the most part, the boom has held up, though no one believes it will last forever. But there is a fifth-column phenomenon this group has completely overlooked that will once-and-for-all obliterate their arguments: energy consumption efficiency. Contained in Exxon's new Outlook for Energy report is the following damning ... Read More

Tags: Here's The Statistic That Will Be Written On The Tombstones Of Peak Energy Believers,  Exxon Mobil Latest News