Open up the US Outer Continental Shelf now! ///

When the global economy revives, demand for oil and gas will return with a vengeance. The trouble is, while there are ample global supplies, the industry will be hard pressed to bring them into production to keep pace with resurgent demand. The result could well be another oil shock, as Cambridge Energy Research Associates demonstrates in an important study released in March that says almost 8 million bopd are at risk of being deferred or cancelled due to reduced investment and low oil prices.

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