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IPFS News Link • Energy

Prospect of Oil Supply Collapse

03-17-2014 • arclein

It's classic peak oil. It never went away, we've just been able to paper over it with free money for the past half decade. Seems like the majors realize the gig is up. They're selling unconventional assets in a big way, wanting to mitigate risk and capex by getting back to conventional. Still, conventional peaked in 2005 and that strategy seems like a last-ditch effort.

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Reported By robert klein

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