Ann: Trading Halt , page-50

an interesting article on pg 25 of the AFR yesterday

titled 'A big barrel of trouble ahead'

the article quotes a senior research fellow from the Royal Institute of international affairs
He talks about oil reaching $200 bbl without any difficulty based largely on a supply side squeeze.
As oil rose to $150bbl last year based largely on high demand coupled with years of under investment by the oil industry he argues that as a result of the GFC and global recession that under investment has become even more chronic, the recession has merely delayed the inevitable energy price spike