The Breaking Point

In the past several years, the gap between demand and supply, once considerable, has steadily narrowed, and today is almost negligible.

The consequences of an actual shortfall of supply would be immense.

Will such a situation really come to pass? Maass explains why that answer depends on Saudi Arabia, the sole oil superpower.

In the political and corporate realms of the oil world, there are few incentives to be forthright. When a crisis comes - whether in a year or 2 or 10 - it will be all the more painful because we will have done little or nothing to prepare for it. >>>continued

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