THE END OF THE OIL GIANTS: And What It Means

Posted by SRSrocco in Energy, EROI, News, Silver Members on May 15, 2019 — 49 comments

(by Dr. Louis Arnoux) Recently, Saudi Aramco, the world largest oil exporter, has acknowledged that Ghawar, the world largest oil field, is in decline. The news went mostly unnoticed except in the specialised media.  OK, so the Saudi have a bit of bother, so what?  In fact, this piece of news is extremely important. Previously…

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