Saturday, April 25, 2009

Economic Pinch to a Crunch

IEA Sees Oil-Supply Crunch by 2013 on Slow Investment (bloomberg)

“I can’t rule out the possibility of an oil supply constraint in 2013 and 2014,” Nobuo Tanaka, Paris-based IEA’s executive director, said in an interview in Tokyo today. “Investments have dropped, and if this continues, an oil crunch would emerge.”

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