Home > Middle East, Oil > If You Think This Oil Spike Is Temporary, Check Out This Chart

If You Think This Oil Spike Is Temporary, Check Out This Chart

March 4, 2011
This oil price spike is going to be anything but short lived, if you believe this chart from Morgan Stanley. 

It details how by the year 2013, there’s not going to be any excess supply in the system. That means, even if the Saudis aren’t lying about being able to ramp up production like Jim Rogers says, they’ve only got two more years to do so before that spare capacity evaporates.

So beyond the Middle East instability trend, there’s a much bigger problem lurking.


From Morgan Stanley (they clearly mean “spare” not “space” in the headline):

Categories: Middle East, Oil Tags: , , ,
  1. ED
    March 8, 2011 at 9:25 am

    That matches the Bell Curve on this article:

    G8 officially admits that we have reached Peak Oil

    http://unifiedenergies.com/index.php?option=com_content&view=article&id=68&Itemid=39

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