New study forecasts sharp increase in world oil production capacity, and risk of price collapse
Wednesday, June 27, 2012 - 08:31
in Mathematics & Economics
(Phys.org) -- Oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020, which could prompt a plunge or even a collapse in oil prices, according to a new study by a researcher at the Harvard Kennedy School.