Baker Institute expert: crude-oil production increase a risky strategy for Saudi Arabia
Green Car Congress
SEPTEMBER 13, 2017
Most notably, a rise in Saudi crude-oil output could trigger a damaging period of global oversupply, said Jim Krane, the Wallace S. This glut could be exacerbated by future carbon taxes and other policy restrictions on fossil fuels, he said. Further, in theory, higher oil production also shortens the time horizon to full depletion.
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