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Doesn't KSA and Venezuela still have decades of cheap oil left? And aren't aren't cars electrifying fast enough and getting feel efficient enough that oil deman
by onlyrealcuzzo 5y ago
Doesn't KSA and Venezuela still have decades of cheap oil left? And aren't aren't cars electrifying fast enough and getting feel efficient enough that oil demand should start going down?
- roenxi 5y agoLooking at the proven oil reserves of KSA [0] I suspect they are not at all transparent about how much oil they have left. [0] https://en.wikipedia.org/wiki/Oil_reserves_in_Saudi_Arabia https://en.wikipedia.org/wiki/Oil_reserves_in_Saudi_Arabia
- s1artibartfast 5y agoThey intentionally are opaque. Whenever it is advantageous for them to do so they disclose more proven Reserves.