Wednesday, September 21, 2016

Low Oil Prices Are Now Like Chlamydia, You Just Have That S**t Forever

Cancel the oil price recovery?: New supply set to keep coming down the pipe till at least 2019

A crude oil supply shortage is looming, but it may not be upon us till at least near the end of the decade, according to RBC Capital Markets. "The steep drop in capital investment is... laying the foundation for a supply gap to emerge, by 2019, as long cycle-time projects, mostly sanctioned in a higher oil…