parmanparman: Just as peak oil was being introduced, they found shelves in the Falkland Islands and Brazil.
grajohnt: A massive discovery in one of the world's most mature petroleum provinces occurred last year. This discovery is just about as 'easy to get' as oil gets, and threw a monkey wrench into the 'all the easy oil is gone' narrative.
There is still a lot of 'easy to find' oil out there, but the costs and risks involved in trying new ideas are staggering.
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