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How new technologies and shale oil changed a world of $150 per barrel upside down- predictions of $150 a barrel by IEA for 2015 in 2007

05/22/2008

Forecasting is a difficult business. New technologies can turn any business upside down. In 2007 the IEA predicted a huge shortfall in oil supplies to meet demand and surging prices over $150 a barrel, as outlined by Neil King in the WSJ that year. Oil supplier countries that depended on ever higher prices face severe economic crisis with oil prices at $50 a barrel in 2015.

Grouped Articles

Energy Watchdog Warns Of Oil-Production Crunch

Wall Street Journal 05.22.2008

America's New Energy Security

Wall Street Journal 12.12.2011

OPEC’s Problem: There Is No Minister of Shale

Wall Street Journal 06.03.2015


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