U.S. HITS PEAK OIL & RISING POWER BILLS COMING: Even The U.S. EIA Is Forecasting A Decline In Oil Supply
While I have anticipated that U.S. Shale oil would eventually peak, it looks like it has finally arrived. Even the U.S. EIA – Energy Information Agency is forecasting a decline in domestic oil production. Also, the EIA suggests that U.S. power bills will increase significantly in the coming years…