26 March

Really important article about the massive implosion of oil and gas underway. In the past 3 years, global supply has been saved by a huge push to frack in the US, their oil shale. 70% of new world supply came from those fracking wells. That supply is now already running out. There’s nothing to replace it. And prices are already $2/litre at the pump, *with* that extra US oil.