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://feedproxy.google.com/~r/theenergycollective_allposts/~3/H_WkokfTwPo/iea-oil-forecast-unrealistically-high-misses-diminishing-returns
http://theenergycollective.com/gail-tverberg/143286/iea-oil-forecast-unrealistically-high-misses-diminishing-returns
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