How global economic growth will drown in Trump’s oil glut after 2018
Nafeez Ahmed

  1. We are finding more and more economically recoverable oil, not ‘less oil’. The Malthusians are never, ever right about this so why should they be believed now?
  2. The US will experience a domestic oil glut, but the rest of the world will be increasingly at risk for price surges and supply disruptions as war is a very real possibility with Russia vs North East Europe and in the Middle East between Saudi Arabia and Iran. If prices rise too much in the US, Washington will simply re-impose the export ban, thus adding more fuel to the price disruption fire for the rest of the world.
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