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2.5 The Energy Crisis

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The crisis was scientifically fomented through the advancement of so-called Peak Oil theory that became the driver of many other theories with great impact on economic polices. Peak oil is one of the concept that promotes the notion that global oil reserve is limited and at some point will start to run out, leading to sharp rise in oil price (Speight and Islam, 2016). These fears are based on premises that are not scientific.

Economically and Environmentally Sustainable Enhanced Oil Recovery

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