The next oil cycle?

Assuming some sort of a global economic recovery in the next couple of years we could quite possibly see another oil price spike. Due to the rapid decrease in the price of oil and the lack of a decrease in the price of production, we will see a significant slowing in the production of new oil. There have already been a large number of oil production projects delayed in OPEC countries. Of course there are a number of factors that could curb demand, including alternative energy sources. Check out the full argument in this article.

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