IEA: Oil supply crunch and mega-recession by 2013
Sunday, March 1st, 2009Can things still get worse? Projections when the economy recovers are nothing more than educated guesses. The U.S., Europe, Japan as well as BRIC states and most other countries are in serious trouble. The global economy has taken a very serious beating. Ditto oil prices.
At the moment, low oil prices are beneficial to stabilize the [...]
