Vespasianus
Princeps thermarum
An oil shock may be lurking around the corner as the price bust has hammered investment in future supply, according to the International Energy Agency.
“We need a lot of investments just to stand still,” Atkinson said at the launch event of SIEW 2016. “There’s danger as we are reaching a point where we are barely investing upstream. If investment doesn’t resume in 2017 and 2018, we can see a spike in oil prices as oil supply can’t meet demand.”
http://www.bloomberg.com/news/artic...en-at-risk-by-iea-on-historic-investment-cuts
“We need a lot of investments just to stand still,” Atkinson said at the launch event of SIEW 2016. “There’s danger as we are reaching a point where we are barely investing upstream. If investment doesn’t resume in 2017 and 2018, we can see a spike in oil prices as oil supply can’t meet demand.”
http://www.bloomberg.com/news/artic...en-at-risk-by-iea-on-historic-investment-cuts