that in itself is a scary basis for the thesis. The supply-demand differential cited in the IEA data are miniscule compared to the available capacity.
throw in the kind of unpleasantness involving N. Korea that biotech_researcher alluded to and oil prices (and everything else) would plummet. Nothing like a nutcase with nuclear weapons capable submarines to make a lot of people nervous.
I wont be shocked if oil prices double over the course of 1 yr but i dont think it'll be in the next year.
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