For years people have been noting that the entirety of the anemic growth in world oil production has been coming from these high-cost tight oil deposits and tar sands in North America, with all the companies involved going into massive debt resembling a financial bubble because the world economy could not support prices that high. It was no surprise to many that that would fall apart messily.
For years people have been noting that the entirety of the anemic growth in world oil production has been coming from these high-cost tight oil deposits and tar sands in North America, with all the companies involved going into massive debt resembling a financial bubble because the world economy could not support prices that high. It was no surprise to many that that would fall apart messily.