Will the amount of oil spend on refining/security/pipelines gradually go up in percentages after peak oil?
I mean, after all those big wells have dried up, you have to drill smaller wells right? And smaller wells mean more rigs and pipelines right? Which also means more pipelines to protect. All of this costs more energy right? And this will go on forever as more and more rigs will need to be built that dig up less and less oil.
So what I'm trying to say. Is this going to be a catch 22 for the superpowers that need oil from halfway around the world? and that in the future we will see more and more frequently holes drilled in pipelines like not so long ago in Iraq?