Oil and Gas: Facing the Music Before it Stops

Once past the peak of world production, there will never again be enough oil in the pipeline to satisfy today’s level of demand. There will be rising prices, periodic shortages, inflation and recession – stagflation, as we used to hear in the 1970s. But unlike the oil shocks of the 1970’s, these trends will go on for decades until oil and natural gas are no longer significant as energy resources.

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