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Morgan Stanley: Global oil supply likely to peak earlier than demand
"Global oil supply is likely to peak even earlier than demand, Morgan Stanley said in a research note, based on its analysis on current trends."
What does this mean?
Investment in new oil and gas is falling because of policies to phase it out. This means the supply of fossil fuels will peak (or has peaked) and costs will rise.
The increased price of oil and gas should be a trigger for us to switch to future energy supplies.
Source: /general-interest/economics-markets/article/14213072...
oil peak supply stanley morgan earlier gas demand
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