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This year is slated to be one of the most charred on record, as wildfires have burned more than 7.5 million U.S. acres to date.

Even if the finite nature of the resource stocks is not the only factor that influences oil prices, speculation also plays a role in this process: peak oil, that is the point in time when oil production cannot be increased despite maximum efforts, will be reached in the near to medium-term future – indeed, some analysts believe that it has already been reached.