The question is whether more cost-effective technologies can be developed to go into a new and prolific round of discoveries at these prices. To my mind, that is not certain. At the same time, though, I am reluctant to be a prophet of doom. All the time, the finding of oil is getting more technically challenging and, unless new techniques are developed, it will get more expensive. But the caveat is all-important.
Oil is finite, yet man's inventiveness seems to have no end.
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