Most oil fields follow a very predictable bell curve. The shape of that curve can be changed with modern technology, such as horizontal wells and water injection etc. But they still deplete. If they magically just refilled no one would bother spending billions every year drilling new wells.
Plenty more I can link outside of the above discourse.
There is a real conspiracy behind it. Where it can be found in many more places Planetary. But it's the demand and it's also the rackeetering behind it. Billions supposedly spent on new finds are also from the increasing demand. Reiterate where it has run out. Many of the very first fields are still producing correct? We did that last comment.
They've also sanctioned far more reserves, like Venezuela and many others.
Most oil fields follow a very predictable bell curve. The shape of that curve can be changed with modern technology, such as horizontal wells and water injection etc. But they still deplete. If they magically just refilled no one would bother spending billions every year drilling new wells.
Yes and no. https://www.quora.com/Does-it-really-take-centuries-for-oil-to-form-Under-conspiracy-theories-has-the-oil-industry-created-a-false-shortage-to-make-more-money?share=1
Plenty more I can link outside of the above discourse.
There is a real conspiracy behind it. Where it can be found in many more places Planetary. But it's the demand and it's also the rackeetering behind it. Billions supposedly spent on new finds are also from the increasing demand. Reiterate where it has run out. Many of the very first fields are still producing correct? We did that last comment.
They've also sanctioned far more reserves, like Venezuela and many others.