When it comes to the story we're being told about America's rosy oil prospects, we're being swindled. And the swindle is not just limited to the US.

At its core, the swindle is this: The shale industry's oil production forecasts are vastly overstated.

The false conclusions the world is drawing as a result of the 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.

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