Click here to access article by F. William Engdahl from Voltaire Network.
Compare this informative article, that US mainstream media will never publish or broadcast, with the one above from NPR. (I'm wondering if the quiet change of the radio network's name from National Public Radio into strictly "NPR" has to do with the fact of falling revenues from listener contributions and increasing revenues from private corporations including those hiding behind non-profit institutions like the Open Society Institute.)
Find out what the author means when he refers to "Halliburton's weapon of mass destruction" and the "Halliburton Loophole”.
I take issue with his last paragraph. The data I've seen shows clearly that fossil fuel production has been at a plateau since 2005. Because new oil and other fossils fuels are much more expensive and time consuming to extract, I do not think that their production will increase sufficiently in the future to offset the loss of production in older oil fields. In addition, with contamination of water supplies, fracking is going to meet with increased opposition.
(See also this, this, this, and this.)