Richard Heinberg Defines Peak Oil
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9:57
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Peak Oil refers only to EASILY ACCESSIBLE AND CHEAP TO DRILL OIL DEPOSITS THAT ARE ONLY REQUIRING CHEAP CAPITAL INVESTMENT! This is what they are not telling you about so as to prevent you Americans from seeing the whole picture and they left unmentioned the still untapped, expensive to reach and access, very deep oil deposits that requires massive capital investments to make them economically profitable. Us Russians has used cheap oil revenues to drill expensive to reach abiotic oil deposits!
darthvader5300 6 months ago