Global Oil Supply More Fragile Than You Think
With spare capacity shot and major new sources of oil not coming online in a few years, the world may end up struggling to meet rising oil demand. That could cause oil prices to spike.
By Oilprice.com Nick Cunningham—— Bio and Archives--August 7, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary.
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