Quiz: What will cause world oil supply to fall? Too little oil in the ground Oil prices are too low for oil producers Oil prices are too high for oil consumers leading to recession, debt defaults, and ultimately a cut back in credit availability and very low oil prices Oil exporters are subject to civil unrest and overthrow of governments, due to low prices and/or depleting reserves Lack of money (and physical resources that might be purchased with this money) to pull oil out of the ground. Pollution related issues–too much smog in China; too many problems with fracking; too many problems with CO2. The financial current system fails, and can only be replaced by one that allows much less debt. Oil prices remain too low under such a system. In my view, any answer other that the first one is likely to be at least partially right. Ultimately, […]