Oil: The Next Revolution
Discussion paper by: Leonardo Maugeri, Roy Family Fellow with the Belfer Center’s Geopolitics of Energy Project
Topic: New report forecasts sharp increase in world oil production capacity
A new study by Belfer Center Geopolitics of Energy researcher Leonardo Maugeri finds that oil production capacity is surging in the United States and several other countries at such a fast pace that global oil output capacity is likely to grow by nearly 20 percent by 2020. This could prompt a plunge or even a collapse in oil prices. The findings by Maugeri, a former oil industry executive who is now a fellow at Harvard Kennedy School’s Belfer Center, are based on an original field-by-field analysis of the world’s major oil formations and exploration projects.
Also: See New York Times’ Andy Revkin on the study
And: Wall Street Journal’s Keith Johnson blog