Expert warns of future supply, demand gap

DESPITE the current economic downturn, inadequate investment in exploration, development and infrastructure by major oil companies could result in oil prices hitting $US200 a barrel in just five years, an international energy expert has warned.

06 August 2009
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Chatham House senior research fellow (energy) Professor Paul Stevens - who is visiting Adelaide - said while oil prices could drop even lower this year, inadequate investment in the industry would

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