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Is ‘peak oil theory’ delayed by fracking?

Posted on 10 January 2013

About a decade ago, the theory of ‘peak oil’ stated that at some point in the near future, global oil production would peak, sending prices sky-high. But since then, the discovery of vast shale oil and gas reserves - many of them in the US - has led some to question whether that point has been pushed back, or indeed, will ever happen?
Seth Kleinman, Global Head of Energy Strategy at Citigroup, explained his view that peak oil theory has been “very much delayed”………………………………………..Full Article: Source


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