I assume people are aware of the Bakkan oil field and the Fracking technology that it now being applied to get the oil out of the shale, that has not been previously accessible, from what i am reading this is the end of the peak oil problem in a big way.

The link below is one of the news releases I have seen, there are others, but I have particular respect for Porter Stansberry, he made me many bucks during the 2008 problems by advising to sell Lehmen and others.

He has actually recently recommended selling short COS and I have a large holding.

I would be interested in some other views on this.