Global Oil Risks in the Early 21st Century

Posted by & filed under Consumerism, Economics, Peak Oil, Society.

by Dean Fantazzini, Moscow School of Economics, Moscow State University, Moscow, Russia Abstract: The Deepwater Horizon incident demonstrated that most of the oil left is deep offshore or in other locations difficult to reach. Moreover, to obtain the oil remaining in currently producing reservoirs requires additional equipment and technology that comes at a higher price… Read more »