The lack of investments into the oil industry is steering the world toward scarcity, one of the world’s largest oilfield service providers warned on Monday. A global oil scarcity is on the horizon, the U.S. oilfield service provider said, after seven years of underinvestment after oil prices slide from their $100 heyday in 2014, Bloomberg reported.
“For the first time in a long time, we’ll see a buyer looking for a barrel of oil as opposed to a barrel of oil looking for a buyer,” Haliburton’s CEO Jeff Miller cautioned.…Halliburton: Global Oil Scarcity Is On The Horizon
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