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- Title
The End of Easy Everything.
- Authors
Klare, Michael T.
- Abstract
The article discusses the ways in which extraction and processing of the world's nonrenewable petroleum resources have become more difficult. The author details the need for more sophisticated technology to extract natural resources and the corresponding increase in risk, evidenced by the 2010 explosion of the Deepwater Horizon offshore oil platform in the Gulf of Mexico. Topics include Canada's tar sands, Venezuela's shale oil reserves, and the peak oil theory that stresses the decrease of oil production from petroleum reserves, adhered to by scholars such as Daniel Yergin. Also mentioned are comments by former chairman of Chevron oil company David O'Reilly predicting changes in petroleum extraction, and the petroleum prospects in Nigeria and Russia.
- Subjects
NIGERIA; RUSSIA; CANADA; OIL shale reserves; OIL sands; HUBBERT peak theory; PETROLEUM industry; PETROLEUM technology; YERGIN, Daniel; O'REILLY, David; INDUSTRIAL capacity
- Publication
Current History, 2012, Vol 111, Issue 741, p24
- ISSN
0011-3530
- Publication type
Article
- DOI
10.1525/curh.2012.111.741.24