Global Oil Production May Not Be Able to Meet Demand

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From a new report from the parliament of New Zealand: “The world’s oil production capacity may not be sufficient to match growing demand in coming years. The potential for short-falls arises from geological, infrastructure, and political/economic constraints limiting the ability of world oil production capacity to grow while demand continues to rise. If oil supply cannot meet demand a price spike may be triggered, with major detrimental effects on economies, especially those heavily dependent on oil imports…”

from The New Zealand Parliament 

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