Which of the following statements regarding the peak oil theory is NOT true?
A) has yet to be shown to be true for a single nation.
B) predicts a production decline to follow a decline in new discoveries.
C) is a statistical model developed by a petroleum geologist named Hubbert.
D) is based on the fact that oil is a finite resource.
E) predicts that world production of conventional crude will soon peak.
Correct Answer:
Verified
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