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Can discoveries continue to keep up with depletion


Question 1. Can discoveries continue to keep up with depletion? Why or why not? If so, for how long?

Question 2. Is OPEC's power likely to increase, decrease, or stay the same? Why?

Question 3. Saudi oil reserves are enormous. Do you anticipate Saudi Arabia will significantly expand its oil production capacity? Why or why not?

(Please with references)

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