28.10.2013 - Oil supply will not falter but low prices are a thing of the past
Global oil reserves have increased over the years despite oil production increasing significantly over the last four decades. Technological improvements permit greater unconventional oil production, claims Roland Berger Strategy Consultants. Roland Berger Strategy Consultants examined the current status of the global oil market, providing insights into both, the demand and supply drivers that will impact oil price over the medium to long term. Unconventional reserves are now estimated to be 3.3 trillion barrels, compared to 2.6 trillion barrels of conventional oil. Oil demand is expected to continue growing over the medium term driven by growth across developing economies...............................................Full Article: Source
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