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Disagree. Just look at what happen the last time the cost of oil plunged - exploration slows to a crawl and some wells are just shut down as they can’t make money off the oil.

It makes no sense to spend $10 to create a barrel of crude oil you can sell for $9.

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Your contradiction is only temporary. The countries which product oil at today's price will eventually exhaust their oilfields. In response, oil prices will rise and other countries will be motivated to drill their own reserves.

We will consume all convenient oil sooner or later.

The weasel word is “convenient” which mean expensive to produce.

Also what doesn't make sense is the world's plutocrats and even the top 1% being irrational enough to let the world economy, modern Western society, that they sit atop of collapse. I mean it could be the case, but what's more likely, and at least worth considering, is that its not. Though questioning authority and what you are taught to think appears difficult for every generation of people.

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