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I like that you mentioned the cost to replace. This is something heavily ignored right now for the fossil fuels. The cost to find and develop new wells is so pr
by angstrom 9y ago
I like that you mentioned the cost to replace. This is something heavily ignored right now for the fossil fuels. The cost to find and develop new wells is so prohibitive due to either the risk or the technical challenges that securing finance to invest is not as easy as it was the past 50 years. It's becoming a Sisyphean task to replace and grow existing production.