|
||
2009-02-27 — dnaindia.com
"It's hard to say how long and deep this recession will be and how soon the global economy -- and demand for oil -- will recover, but when it does, in a year or two, it will immediately run into supply constraints," says Herberg. In fact, the current financial crunch has already led to the postponement or cancellation over $100 billion worth of oil projects in the past six months, which will aggravate the "supply pathology" when recovery begins, he points out. Or when the excess supply is worked through. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |