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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

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 depletedmany 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

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