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New study forecasts sharp increase in world oil production capacity, and risk of price coll
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, which could prompt a plunge or even a collapse in oil prices, according to a new study by a researcher at the Harvard Kennedy School (Leonardo Maugeri, a former oil industry executive).
June 26, 2012
