Energy crisis as early as 2016

Tuesday, January 6th 2015 - 23:11 UTC

Full article 3 comments

Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline prices doubling within 18 months. For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive up the price. Read full article

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Englander
Hopefully UK Govt will take advantage of temporary oil price and stockpile as much as possible.
Jan 07th, 2015 - 02:26 pm - Link - Report abuse 0
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ChrisR
@ 1 Englander

And how will they pay for it, go even further into debt?

In an election year?

I suppose anything is possible from the not-dynamic duo of Cameron and Osbourne.
Jan 07th, 2015 - 07:39 pm - Link - Report abuse 0
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Englander
There's always money to pay for wars, here, there and everywhere. So how about a spot of prudent financial planning a sort of fixing the roof while the sun shines. This particular sun ain't gonna shine too long.
Jan 08th, 2015 - 10:02 am - Link - Report abuse 0
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