“We’ve been living off of past reserves for decades - not just recently. So we are now basically burning five barrels of oil for every one barrel we find (…) and this was even 10, 20 years ago. It was a little bit better. It was maybe four barrels, we burnt for every one … so it doesn’t matter if we spend a lot more money – we’re not going to be finding a lot more oil.” Steve St. Angelo, Oil & Gas Production Can’t Keep Up With Demand, Energy Prices to Skyrocket, in in Commodity Culture, YT, ca. 20. Juli 2023
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