Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America
Oil & Gas 360º
JUNE 5, 2025
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. The Permian basin has become one of the most productive oil fields in the world, Fig. times the proven reserves of Saudi Arabia.
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