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Why predictions of “peak oil” are always wrong: The mirage of “peak oil” in America

Oil & Gas 360º

Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. The Permian basin has become one of the most productive oil fields in the world, Fig. America has 48 Bbbl of proven oil reserves, 4 and since 2016, Texas has accounted for 40% of that. times the proven reserves of Saudi Arabia.

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