Peak Oil is back!
A Global Oil Shortage Is Inevitable Authored by Tsvetana Paraskova via OilPrice.com, While oil and gas companies come under pressure to reduce production, the world’s thirst for new supply is only growing Without a significant uptick in investment, demand for oil and gas will surpass supply in the not-so-distant future This disconnect between the political desire for less fossil fuels and the global hunger for fossil fuels could drive the price of oil up to $100 Chronic underinvestment in new…
