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December 28, 2012

Reports of an Oil Glut Are Exaggerated

Doug Firby, Troy Media


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WINDSOR, ON, Dec. 28, 2012/ Troy Media/ – Here’s a happy New Year’s prediction for you. (It’s a fact, really, so I can make no claim to being prescient.) There is no “glut” of oil. Prices are not going to go down. And, much as we might want to think we’re all modern and post-industrial, oil is not going out of fashion any time soon.

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TAGGED: Brazil, China, Alberta Tar Sands, canadian oil, canada, unconventional oil, oil production, oil glut

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