Citigroup says shale oil means peak oil is dead.

WSJ: “After decades of decline, ‘U.S. oil production is now on the rise, entirely because of shale oil production,’ said Citigroup. Shale oil could add almost 3.5 million barrels a day to US oil production between 2010 and 2022 and has already slashed 1 million barrels a day from U.S. oil imports. One day it may allow the U.S. and Canada to be self-sufficient in oil, it said.”