The age of irrational petro-exuberance

The age of irrational petro-exuberance 

http://oilandglory.foreignpolicy.com/posts/2012/04/09/the_age_of_irrational_petro_exuberance?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+TheOilAndTheGloryBySteveLevine-Home+%28The+Oil+and+The+Glory+by+Steve+LeVine+-+HOME%29

Posted: 10 Apr 2012 04:36 AM PDT

In our now half-decade-old era of regularized black swans, a few energy thinkers are cautioning against a bubble of wishful enthusiasm with regard to U.S. oil -- a widely embraced paradigm shift that, if true, would disrupt geopolitics from here to the Middle East and beyond. A shift is afoot, but not a new world, says Dan Pickering, co-president of Tudor, Pickering, Holt, a Houston-based energy investment firm.