Oil depletion is the decline in petroleum production of a well, oil field, or geographic area. == Resource availability == Earth's natural oil supply is effectively fixed because petroleum is naturally formed far too slowly to be replaced at the rate at which it is being extracted.
Oil depletion is the decline in petroleum production of a well, oil field, or geographic area. == Resource availability == Earth's natural oil supply is effectively fixed because petroleum is naturally formed far too slowly to be replaced at the rate at which it is being extracted.
Source: Wikipedia "Oil depletion" · CC BY-SA 4.0
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