There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.
Name: James Buchan
Topic: Age
About: NA
Other topics from this author: age business change environmental future government history hope imagination money nature peace poetry politics power science society technology war wisdom
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