Peak oil advocacy group ASPO-USA has posed a $100,000 bet to CERA that production will not increase as forecasted. It will be very interesting to see if Dan Yergin takes the bet!
To call the bet, CERA must match the Peak Oil group’s $100,000 letter of credit from National City Corporation. In the event production in 2017 doesn’t exceed CERA’s forecast of 107 million b/d, the individuals of the group have agreed to donate their winnings to an energy-focused non-profit organization.
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