11
Sep
10

the end of oil

lloyd’s of london, the royal institute of international affairs and germany agree it’s downhill from here

The report the world is heading for a global oil supply crunch and high prices owing to insufficient investment in oil production plus a rebound in global demand following recession. It repeats warning from Professor Paul Stevens, a former economist from Dundee University, at an earlier Chatham House conference that lack of oil by 2013 could force the price of crude above $200 a barrel.

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