Peak Oil: Sell oil stocks?

…Has global oil production actually peaked? And if so, how should investors respond?…

– A few months ago we posed the question “Does Peak Oil Matter?” In other words, has global oil production actually peaked? And if so, how should investors respond?

– We posed this question in the context of the fact that North America oil shale holds billions of barrels of “theoretically” recoverable oil. Theoretically, therefore, global oil production may not have peaked.

– We are sceptical.

– We doubt that US oil shale deposits will be yielding their bounty anytime soon. There are just too many impediments