image: AP Photo/Jacquelyn Martin

The Continuous Need For New Oil Investments

The investment in new oil development and production is a constant endeavor. That’s because new oil demand remains a constant reality. Utilized heavily in transportation and the petrochemicals used to “manufacture thousands of different products that people use daily, including plastics, medicines, cosmetics, furniture, appliances, electronics, solar power panels, and wind turbines,” I’ve shown how oil demand has been rising by 1.3 million b/d per year for 50 years.

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