Oil shortages loom and Scottish crude looks like making lots of money for the Treasury

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John Robertson
Oil shortages loom and Scottish crude looks like making lots of money for the Treasury

(c) oil-electric.com One of the world’s largest crude storage facilities in South Africa is emptying fast as demand booms and the OPEC cuts hold firm. This may be an early sign of the serious shortages and consequent price hikes forecast only two months ago by the Aramco chief. In July 2017, he described the outlook for oil supplies as ‘extremely worrying’ and argued that the transition to alternative fuels will be too slow to prevent massive shortages and a price…

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John Robertson
Oil shortages loom and Scottish crude looks like making lots of money for the Treasury