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The easy oil is gone so where do we look now? : Comments
By Andrew Topf, published 26/2/2015The shale oil 'revolution' in the United States that took off soon after the publication of his book has certainly changed the supply picture, and the recent collapse in oil prices has forced Rubin to eat his words.
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Posted by Bazz, Friday, 6 March 2015 4:40:26 PM
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For those of you who think the oil companies are rolling in it I
suggest you read this. There is a talk and a pdf document on the difficulties being experienced with the cost of exploration and development. http://tinyurl.com/qb9ytwx Posted by Bazz, Friday, 6 March 2015 4:47:55 PM
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Here is an article by two researches at Melbourne University.
It is quite long but detailed.
It confirms what I have been saying here for some time.
http://tinyurl.com/m2hupsq
The volatility of the oil price is an indication of the advent of peak oil.
We are in the second price oscillation and the question is will there be a third ?
The trouble is our politicians are completely unaware of this situation.
Actually it will automatically solve our surging immigration problem
as we will be simply unable to cope with the existing population let alone 40 million !