09.11.2011 - Why canít we produce more oil?
This week, the two rival powers of the oil market, OPEC and the IEA, will publish their new long-term forecasts. Among all the data backing up their competing visions for the future, observers will be looking for the answer to a very important question: Why canít the world produce more crude oil? After years of historically high prices, oil production has barely budged above its level of just over 80 million barrels a day reached in 2004...............................................Full Article: Source
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