The ratio at which the supplies of big oil companies are being renewed is slipping rapidly. The standard for this ratio is 100 percent or more, but most of the big six oil companies in the United States are projected to plunder well below that over the next 5 years. This is not even close to being enough to satisfy the demand the world will have (which is constantly increasing, by the way). If this projection is correct and if demand does, in fact, substantially outgrow the supply, by the end of this decade oil prices could increase to nearly $200 a barrel, which would translate to $6 a gallon for gasoline!
1) Hard to keep up with demand.
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