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Few boom cycles are left for the oil industry

2016-01-30 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Houston Chronicle: Ask almost anyone in the oil business, and they will say a bust is always followed by another boom. But what if the industry has only one big cycle left? A world that does not rely on oil for transportation was considered science fiction, something only possible if we found the mythical dilithium crystals that power Star Trek's Enterprise. But an amalgamation of new technologies could dramatically reduce demand for oil, which means a large number of Houston energy companies will eventually need...

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