In 2006, when oil production was at an all-time low, it was predicted that by 2015, production would have peaked and then plummeted even further. We would all then have to give up the life of abundance and settle into lifestyles more akin with the values that resonate with all good environmentalists. Not surprisingly – and despite their still unimaginable profits – the oil industry back then was in the doldrums.

Today, the mood of that industry – which, if you think about it, controls every aspect of your life – has lifted thanks to the discovery of vast subsalt reserves, first off the coast ...


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