At its core, the swindle is this: The shale industry’s oil production forecasts are vastly overstated. Swindle: Noun – A fraudulent scheme or action. And the swindle is not just affecting the U.S. It’s badly distorted everything from current geopolitics to future oil forecasts. The false conclusions the world is drawing as a result of the self-deception and outright lies we’re being told is putting our future prosperity in major jeopardy. Policy makers and ordinary citizens alike have been misled, and everyone — everyone — is unprepared for the inevitable and massive coming oil price shock. An Oil Price Spike Would Burst The ‘Everything Bubble’ Our thesis at Peak Prosperity is that the world’s equity and bond markets are enormous financial bubbles in search of a pin. Sadly, history shows there’s nothing quite as sharp and terminal to these sorts of bubbles as a rapid spike in the price […]