Is this true? And if so, why is the current crisis being hyped so much?
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There used to be a concept thrown around by the talking heads called "Peak Oil" or the "Hubbert Peak Theory" that tried to predict the end of oil production. I haven't heard it mentioned much in the past 10-20 years, probably because the predictions were always wrong. 🤔
https://www.investopedia.com/terms/p/peak_oil.asp
Edit: some man-made climate change propaganda in the link that can be ignored.