Harvard Kennedy School researcher forecasts sharp increase in world oil production capacity and risk of price collapse
Green Car Congress
JUNE 27, 2012
Such an increase in capacity could prompt a plunge or even a collapse in oil prices, he suggests. The Bakken and Three Forks fields in North Dakota and Montana alone could become the equivalent of a Persian Gulf-producing country within the United States. million barrels per day and conceivably produce a total of 11.6
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