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.

Global Oil Supply More Fragile Than You Think

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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