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.
Showing posts with label diminishing returns. Show all posts
Showing posts with label diminishing returns. Show all posts
Friday, January 16, 1970
Why IEA Oil Forecast is Unrealistically High
Why IEA Oil Forecast is Unrealistically High
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.
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