The oil crash: Why I was right

The oil crash: Why I was right / Leonardo Maugeri, Belfer Center on Science and International Affairs’s newsletter, Harvard University, 21/10/2014.

http://belfercenter.ksg.harvard.edu/publication/24653/oil_crash.html

In my 2012 study “Oil, the Next Revolution”, I stressed something that no one was seeing at that time (and much later as well). As summed up by the opening sentence of the study:

“Contrary to what most people believe, oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.”…


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