The North American Energy Revolution has become the greatest economic comeback story in human history. But already, some experts are referring to the shale-oil boom as a “Ponzi scheme” and OPEC is forecasting that as soon as 2023 American producers will begin to fade. Others, on the “green fringe,” forecast that demand for fossil fuel will soon decline and the value of related assets will collapse. The truth seems to depend on who you are listening to. Will the world’s demand for energy continue to grow? What is the outlook for energy production and reserves? And, will America’s relative “total cost” advantage be maintained? We’ll provide the answers you need.
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