Taking their cues from Conan O’Brien, Platts senior editors Brian Scheid and Herman Wang take Capitol Crude into the future – all the way to the year 2020, with predictions about Taylor Swift, 3-D printers, and a potential global oil supply shortage.
Analysts and market watchers have begun warning of such an oil shortage scenario due to all of the capex budget slashing that the industry has seen over the past two years, in this low-price environment. The resulting price spikes could renew calls for more drilling – but also investments in renewables and conservation. Brian and Herman examine what experts are saying about the oil market in the coming years and how US policymakers could respond to a supply squeeze.
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