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Commodities Briefing - Categorized | Investment, Oil more

New concern about cuts in oil investment

Posted on 27 March 2009

From Nytimes.com: Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.
The report by Cambridge Energy Research Associates, an oil consulting firm, said that the potential drop in production capacity is a “powerful and long-lasting aftershock following the oil price collapse.”….Full Article: Source


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