Energy Dept. Sees Long-Term High Oil Prices

“The Energy Department yesterday significantly increased its projection for oil prices in 20 years to about $54 a barrel after concluding that Middle Eastern oil-producing countries are spending less than previously expected on expanding production.” (Washington Post, Tuesday)

Human ingenuity routinely mocks such predictions.

FEE Timely Classic
“Energy Economics with Eyes Open” by Ashton J. Pecquet and Gary M. Pecquet

Further Reading