20th century Quote by James Buchan
“There are signs that the age of petroleum has passed its zenith. Adjusted for inflation, a barrel of crude oil now sells for three times its long-run average. The large western oil companies, which cartellised the industry for much of the 20th century, are now selling more oil than they find, and are thus in the throes of liquidation.”
![“I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening…” quote by Vladimir Putin](https://sms4smile.com/quotes/img-quotes/3f7/vladimir-putin-261_certain_i-do-not-remember-when-i-said-this-oil-p_1570466.jpg)
