In 2025, the world economy will face a global oil shortage. The main reason is that exploration of highly productive deposits will lag behind the growth rate of demand for black gold. This statement was made during the International Economic Forum in Davos by the head of Occidental Petroleum, Vicki Hollub. According to her forecasts, in the very near future there will be an excess supply of oil on the market, but then a long period of shortage will begin.
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