A week ago, the American office of the international Association for the Study of Peak Oil (ASPO-USA) publicly challenged Cambridge Energy Research Associates (CERA) - a prominent oil forecasting think tank, to a wager: a bipartisan group of businessmen and analysts from ASPO offered up $100,000 to be paid if CERA’s 2017 oil production estimates are met. ASPO considers CERA’s forecasts wildly unrealistic at best and dangerously misguided at worst. They seek to challenge the analysis (and resulting policy decisions) that assume that even with steadily declining production from oil fields, worldwide oil production in ten years will continue to increase.  Read more »