Alan Kohler in his piece, The Death of Peak Oil (Climate Spectator – February 29), claimed that the boom in US shale oil and gas extraction meant the end of peak oil. In particular his article made the following claims:
1. We should forget declining oil production because there is a new oil boom coming, mainly from US shale formations.
2. The new oil will bring the US to oil self-sufficiency and therefore to a resurgence of the US as an economic superpower.