Does the world’s economy depend on the hyperbolic decline curve?

The party is over for US shale (or Light Tight Oil “LTO”), so say some very smart and well researched analyses (here and here). 

The party has only just started – and LTO could provide energy independence and even energy dominance for the US for years to come (source:every mainstream press article..).

Cheap Oil underpins growth and development, expensive oil will likely tilt us into a global recession, where the debt-berg will sink many a Titanic. How can something so politically significant be so differently understood? 

It’s not as if the data on the LTO isn’t there; the US oil patch is operated by many public companies and regulated by state and federal bodies who publish huge amounts of data, not to mention the industry itself publishing vast data.

How can we not know?

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