Wood Mackenzie reported in January of this year that $380 billion worth of investments into oil have been cancelled since 2014, which will lead to an acute shortage of oil supply in the future.
Read: http://oilprice.com/Energy/Energy-Gener ... 0-Oil.html
Seeds of next Oil Crisis are taking root
Seeds of next Oil Crisis are taking root
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Seeds of next Oil Crisis are taking root
Below is a link to a very interesting article which will help you understand why Wall Street wants higher oil prices. It may also help you understand why $50/bbl is WAY BELOW the sustainable price for oil. Gail is a super smart lady, so read carefully.
http://oilprice.com/Energy/Oil-Prices/W ... 0-Oil.html
http://oilprice.com/Energy/Oil-Prices/W ... 0-Oil.html
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Seeds of next Oil Crisis are taking root
Gail's Website: https://ourfiniteworld.com/author/gailtheactuary/
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group