The Oil Treadmill: Billions Needed to Avoid Shortages
Markets & Money Today | 2 Min News | The Daily News Now! - Un pódcast de The Daily News Now! - Martes
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The world's oil supply is on a treadmill! The International Energy Agency warns that $540 billion A YEAR is needed to maintain current oil and gas production, or we risk losing the output of Norway and Brazil annually. With shale oil reserves depleting fast and demand showing no signs of slowing, continuous investment is critical to avoid shortages and price spikes. Find out why the pressure is on oil companies to keep drilling, even to just stay in place. Hosted on Acast. See acast.com/privacy for more information.
