Have we passed the scarce oil peak?
I'm wondering if anyone else sees things as I do. Technology and scale keep making oil cheaper to drill and obtain, meaning oil gets more plentiful and cheaper. Demand will begin decreasing, as more vehicles and power generation goes electric. There are no areas of the world that can produce enough demand to soak up excess supply, like China did in the 2000s and early 2010s. Long term, is oil only destined to become cheaper?
Submitted March 15, 2017 at 12:03AM by lonelysojourn
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