Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America
Oil & Gas 360º
JUNE 5, 2025
Thanks to human ingenuity, new drilling technologies like horizontal drilling and hydraulic fracturing unlocked vast reserves once thought inaccessible. Take 2020, for example, when a combination of Covid and OPEC+ collapsed global oil markets, causing international chaos and West Texas Intermediate to trade at a negative price.
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