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Peak Oil is You


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Page added on September 11, 2004

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Even remote patches of oil are starting to look more and more attractive

Geology

With oil prices high and demand outstripping supply, companies are increasingly venturing into rugged areas that only a few years ago they would’ve scoffed at. “High oil prices are here to stay,” says former Venezuelan Oil minister Humberto Calderon. “The world has to be prepared.” That means exploiting reserves of oil that have until now been uneconomical.

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