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. To be sure, there are extremely large volumes of oil sitting in storage, which will take a few years to work through.
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