Why IEA Oil Forecast is Unrealistically High

Why IEA Oil Forecast is Unrealistically High

by Gail Tverberg

The International Energy Agency forecasts that the United States will become the world’s largest oil producer by 2020, and will become a net oil exporter by 2030. What the forecasts ignore is the problem of diminishing returns.http://theenergycollective.com/gail-tverberg/143286/iea-oil-forecast-unrealistically-high-misses-diminishing-returns?utm_source=feedburner&utm_medium=feed&utm_campaign=The+Energy+Collective+%28all+posts%29