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. Much of this increased capacity comes from “unconventional sources” such as US shale/tight oils, Canadian oil sands, Venezuela’s extra-heavy oils, and Brazil’s pre-salt oils. Oil: The Next Revolution."
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