[Peakoil] International Business Times: Why Oil Prices Could Soon Spike

[Antony Barry]

Why Oil Prices Could Soon Spike
International Business Times

Oil and gas companied have canceled more than $100 billion in investments and have slashed tens of thousands of jobs in the last year amid the collapse in oil prices. Now an oil shock may be on the way as those cutbacks drive a significant drop in crude supplies, a senior executive from the International Energy Agency said Wednesday. “Historic” investment cuts in recent months raise the risk of oil-security surprises in the “not-too-distant” future, Neil Atkinson, head of the IEA’s oil industry Read the full story


Shared from Apple News



Sent from my iPhone
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://act-peakoil.org/pipermail/peakoil/attachments/20160325/9c2c32ff/attachment.html