By Nick Cunningham

The oil industry might not be able to produce enough oil to meet global demand in a few years’ time.

To be sure, much of the oil world is focused on the supply fears in the near-term. The outages in several OPEC nations, plus the tightening noose on Iran from the U.S. government, could lead to a supply shortfall towards the end of this year, a hole so big that Saudi Arabia could struggle to fill it, even if it burned through much of its spare capacity.

Read more...http://energyworthonline.com/2018/07/10/us-sanctions-could-add-50-to-oil-prices/