Peak Oil and the End of Globalization
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The Impact of Limits on Liquid Hydrocarbons
We have had some oil shocks before, that wasn't related to the absolute supply of oil. This was political factors. There's very few substitutes at scale for diesel engines or heavy fuel engines. I think now it would be a totally different thing because we just don't know where all about consumer goods and essential goods come from. It's very hard to work out.
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