the so-called “shale revolution” has more in common with the California Gold Rush and the Dot-Com Bubble than a new golden age of energy abundance. The implications of this are profound. If the “shale revolution” is nothing more than a temporary respite from the inevitable decline in US oil and gas production, then why are we rushing to rewrite our domestic and foreign policy as if we’re going to be “Saudi America” for the rest of the century?
Excellent article from the Post-carbon institute. For all those who think Europe also has to walk the yellow brick road that leads to nowhere.