http://www.nytimes.com/2009/03/27/bu...1&ref=business
Rising Fear of a Future Oil Shock
By JAD MOUAWAD
Published: March 26, 2009
Sharp reductions in investments and low oil prices could curb future supplies by almost eight million barrels a day within the next five years, according to a study scheduled for release Friday, the latest warning that the world could face a new energy shock when the economy picks up.
The report by Cambridge Energy Research Associates, an oil consulting firm, said that the potential drop in production capacity is a “powerful and long-lasting aftershock following the oil price collapse.”
(...)