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. Only four of the current major oil producing countries (more than 1 mbpd of production capacity) face a net reduction of their production capacity by 2020: Norway, the United Kingdom, Mexico, and Iran. shale oil production.
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