Resurging North American Oil Production and the Death of the Peak Oil Hypothesis
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Material Information

Title:
Resurging North American Oil Production and the Death of the Peak Oil Hypothesis The United States' Long March Toward Energy Independence
Creator:
Seth M. Kleinman
Aakash Doshi
Eric G. Lee
Edward L. Morse
Anthony Yuen
Publisher:
Citigroup Global Markets
Publication Date:
Language:
English

Notes

Scope and Content:
The concept of peak oil is being buried in North Dakota, which is now leading theUS to be the fastest growing oil producer in the world. The belief that global oilproduction has peaked, or is on the cusp of doing so, has underpinned much of crudeoil’s decade-long rally (setting aside the 2008 sell-off). The belief was bolstered by the repeated failure of supply to live up to the optimistic forecasts put forward by variousgovernmental and international energy agencies. The IEA, the industry benchmark,made a habit of putting forth forecasts for the coming year of big gains in non-OPECsupply, only to spend the next 18 months revising those forecasts lower.

Record Information

Source Institution:
Florida International University
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