The Oil Sector has Been Pushed to the Limit of its Capabilities
Leonardo
Maugeri’s recent paper Oil: The Next Revolution on the presumed future
abundance of oil supplies rejects the pessimistic outlook of limited
increases in oil capacity over the next decade. It suggests global oil
capacity will exceed 110 million barrels per day by the end of the
decade, putting an immediate end to concerns regarding constrained
long-term oil supplies. This conclusion is based on an assessment of new
projects with a reported capacity of 49 million b/d before a downward
adjustment to 29 million b/d to allow for completion…Read more...http://oilprice.com/Energy/Crude-Oil/The-Oil-Sector-has-Been-Pushed-to-the-Limit-of-its-Capabilities.html
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