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Describe how their depletion affects the future ability

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Question: Figure 11.5 shows the major oil and gas fields in the Middle East. Most of these giant fields were discovered prior to the 1970s and are slowly being depleted-many are past peak production and declining as much as 10% per year. Since these fields account for about 20% of the world's supply of crude oil, describe how their depletion affects the future ability of oil companies to meet the world's growing demand for oil.

Reference no: EM133576344

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