Global Oil Shortage early 2020s

dan_s · Post by **dan_s** » Tue Dec 05, 2017 10:42 am

ALL OF YOU NEED TO READ THIS ARTICLE CAREFULLY.

“The lack of investment in conventional crude oil could lead to a supply gap as we move out to the 2020s,” said Adam Sieminski, former Energy Information Administration (EIA) administrator and now the James R. Schlesinger Chair for Energy and Geopolitics Center for Strategic and International Studies (CSIS). “The geopolitics, in Venezuela or somewhere else, could be devastating. The decade of disorder is a short way of saying that we’ve been through these cycles before, and we’re probably not going to see prices stay low forever.”

Oil prices are potentially set for a sharp increase and general unpredictability as global oil markets enter a “decade of disorder” in the 2020s, according to experts speaking on a panel hosted by Securing America’s Future Energy (SAFE).

Read full article here: https://www.oilandgas360.com/panel-perm ... f-disorder

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As I have told you in many of my podcasts: "One of the largest misconceptions about today’s oil market is that growth in U.S. shale oil will continue to dampen volatility and keep prices low."