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“We dampened demand in the West to meet demand in China and India –  that’s the only reason why the whole thing didn’t crash and burn. We’ve essentially used all the low cost oil, and from now on in, we’re left with the high cost oil, and our economics can’t really cope with that – there’s not enough money in the global system” – Chris Skrebowski, director of Peak Oil Consulting & former editor of Petroleum Review magazine.