"Only the oil industry would now have the audacity once again to peddle a story that it has gotten wrong for more than a decade as if it were brand new. Enlisting the media and its army of paid consultants, the industry is once again telling the public that oil abundance is at hand. And, what is doubly audacious is that it is promoting this tale as oil prices hover at levels more than eight times the 1999 low. Clearly, the industry is counting on collective amnesia to shield it from ridicule." ( Source: Resource Insights blog )
Good analysis by Kurt Cobb on how the pusher (the oil industry) is keeping the junkie (the economy) hooked on his stuff by offering dreams and fantasies. And how the media are working for the pusher.