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. mbpd of crude oil and natural gas liquids per year by 2020, making it the second largest oil producer in the world, after Saudi Arabia, according to Maugeri. million barrels per day and conceivably produce a total of 11.6
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