Gail Tverberg believes that we live in a world of finite resources. She believes that escalating oil prices will bring down the US’s standard of living and put the country in a perma-recession. To her, the shale gas and oil boom will not change the world’s future energy trends. While we may not be running out of oil, recovery costs will continue to increase, which will be bad for us all. While we agree with certain parts of Ms. Tverberg’s thesis, it can be argued that the shale oil and gas booms are real, and sustainable. We’ll be having Dr. Frackenstein on to help explain and prove why this is so. Just have a look at the chart below and decide for yourself.
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