Here is the news translated.
The crux of the matter is that Saudi Arabia, a major oil exporter, has an expert opinion 40% less reservation that had been said officially.
Where would say 300 minus 716 ie 416. In large units.
Anyway, say that without reservation can not take much, and if they can not get much then the price of oil rises.
And if you are right "peak oil" (national and canaries ), then what you see in the coming years is that more oil calls but there are fewer , and that unleashes all sorts of settings, some of them painful.
As explained, need not run out of oil. Just running out of cheap oil. Or, rather, to increase the differential between supply and demand.
I say it's possible to save (efficiency) and generation (renewable) and tell you that this requires investment, and that's difficult in a time that already have to spend more money on oil needed to sustain daily life activities.
said that things are going to get ugly in places "vulnerable" as the Canaries.
What do you say? Do you think it necessary to adapt quickly? Do you think that, if necessary, we can? Do you think there will come a magic technology and cheap which will give us as much power as now or at the same price or less?
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