Step on the gas with shale

Bruce Nussbaum, in his book World after Oil, published in the early 1980s, dealt with the oil crisis of 1970s, when oil prices had risen from $5 to $30 per barrel, and showed how the world dealt with the crisis by investing more in exploration, especially on the high seas, and severely reduced energy consumption. Thus, oil prices remained stable for many years, and started rising again in the 2000s once new finds reduced.

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