U.S. oil bubble bursts by 2020s, IEA warns

U.S. oil bubble bursts by 2020s, IEA warns
Paris (UPI) Nov 12, 2014 - "Breathing space" in global crude oil markets ushered in by U.S. shale oil output doesn't mean the glut will last forever, the IEA said in a Wednesday report. The International Energy Agency said in its annual report oil supplies rise globally to 104 million barrels per day by 2040. The poles of demand, meanwhile, shift to Central Asia and the Middle East, which eventually take over aft ... morehttp://www.oilgasdaily.com/reports/US_oil_bubble_bursts_by_2020s_IEA_warns_999.html