3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch
Green Car Congress
JUNE 1, 2016
That widens to more than a million barrels per day in both 2017 and 2018. The problem is that, unlike many other industries, resource extraction is extremely volatile, with supply responses very delayed. Also, crude at $50, as opposed to $30, can provide a bit of inflation to the deflation-beset economies in Europe and Japan.
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