Oil industry has “shed talk of peak oil".

WSJ reporting on the CERA conference: “These are happy times for the oil industry, which has shed talk of peak oil for the thrill of new discoveries. “We are reinventing ourselves again in our view,” says Statoil’s (STO) head for North America Bill Maloney, who pointed at the IHS CERA energy conference that a lot of the new oil and gas comes from places previously thought tapped out or overlooked. And with oil prices fostering innovation, what could be next?”