Oil constraints to cause ‘huge recession’

The world will have to suffer a deep economic downturn before serious attempts are made to kick the oil habit, according to the chairman of PFC Energy, the Washington based oil consultancy.

In an interview with lastoilshock.com and Global Public Media, Robin West said it would be very difficult for the oil industry ever to produce more than 95-100 million barrels per day, and that when output growth stops the oil price will go

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