Subprime Oil

[l33tminion]

This article has been in my queue for a while, but it's worth a comment:

In 2012, the International Energy Agency (IEA) forecast that the US would outpace Saudi Arabia in oil production thanks to the shale boom by 2020, becoming a net exporter by 2030. The forecast was seen by many as decisive evidence of the renewal of the oil age, while informed

Comments

My biggest question about P.O.

[anonymous]

How long will Manifa/Safaniyah last?

[l33tminion]

Especially the latter, I'd say. Manifa's predicted peak production doesn't seem impressive compared to Safaniyah's current. And I think that decline will be felt more dramatically because of the political effects of the economic impact on Saudi Arabia, not the direct effect on aggregate global supply.