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Here is a question. What incentive would an oil company have to reveal the discovery of a huge new untapped reserve of oil?
Here is a prediction. Assuming we are actually intelligent enough as a race of people, oil will be around for centuries in some useful purpose.
Why should domestic producers try very hard to discover new oil reserves when they can just wait and let the price rise.
Oil and gold prices have followed a close parallel for decades. Both are finite materials, but both remain unknown as far as how much is left.
regards
Mech
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