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The Uncertain Future of Oil: Energy Poverty, Depletion, and 'Green' Ambitions with Scott Tinker

The Great Simplification with Nate Hagens

CHAPTER

Navigating the Future of Oil Supply

This chapter explores the forecasted flat global oil supply by 2050, emphasizing the significant decline rates of existing wells and the urgent need for investment in new resources. It discusses geological processes, technological advancements, and the dynamics of production, particularly focusing on the challenges faced by the oil and gas industry amid growing demands. With a critical look at the balance between conventional and unconventional reservoirs, the chapter highlights the implications of market dynamics and potential shifts toward alternative energy sources.

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