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Petroleum and crude oil – the future of oil production | DW Documentary Video

Published on Mar 17, 2019  —  [Online until: April 17, 2019]

The market for oil is volatile. The transition from petroleum to renewables is in full swing, and global demand for oil could fall faster than predicted. [Online until: April 17, 2019].

When the price of crude oil tumbled dramatically between 2014 and 2016, it heralded the demise of an economic and geopolitical world order in place since the end of World War II. In the last few decades, fracking technology has turned the US into the world’s largest oil producer. Against that backdrop, the move towards renewable energies and away from fossil resources is making dramatic steps forward. A study published back in September 2012 made headlines by predicting an imminent drop in oil prices.          Continue reading

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