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Oil is not only a valuable commodity but also a finite one. When the maximum oil extraction rate is reached, the predictions of peak oil have been wrong for decades. Technological innovations, such as fracking and horizontal drilling, have increased the supply and lowered the cost of oil, postponing the peak. This also poses environmental and social risks and does not solve the problem of oil depletion. #Oil #PeakOil #Fracking https://flipboard.com/redirect?url=https%3A%2F%2Fwww.vox.com%2Ffuture-perfect%2F2023%2F7%2F12%2F23791559%2Fresource-scarity-peak-oil-fracking%3Futm_source%3Dflipboard%26utm_content%3Dtopic%252Foil&v=O8Y6jOSJ8_1fj8DCP0wxsHZ_QQW5ugYGBZVslmy6m2cAAAGJS4gvwA