3 Years Of Painful Cuts Sets Oil Markets Up For Serious Supply Crunch
Green Car Congress
JUNE 1, 2016
“It might be that we see quite a dramatic reduction in replacing the capacity and of course that will have an impact, eventually, on price.”. Oil companies are making painful cuts to spending, which will translate into much lower production than expected in the years ahead. When oil prices go up, people buy fuel efficient cars.
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