Energy

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The Oil Crash: Why I Was Right

| October 21, 2014

In my 2012 study “Oil, the Next Revolution”, I stressed something that no one was seeing at that time (and much later as well). As summed up by the opening sentence of the study:

“Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.”