Oil does not need to become super scare to cause major problems. Right now the total supply and demand are quite closely matched. Reduce the supply just 10% and big problems happen.
Again the illusion of transparency, I meant that not in the sense of a set quantity of oil but in the traditional economic sense of becoming more limited in supply relative to demand for it.
Oil does not need to become super scare to cause major problems. Right now the total supply and demand are quite closely matched. Reduce the supply just 10% and big problems happen.
Again the illusion of transparency, I meant that not in the sense of a set quantity of oil but in the traditional economic sense of becoming more limited in supply relative to demand for it.