‘Severe Oil Crunch’ Is Foreseen Within Five Years: Chart of Day

Falling crude-oil supplies and surging demand are likely to lead to “a severe oil crunch” within five years, according to Mamdouh G. Salameh, an independent oil economist.

The CHART OF THE DAY displays Salameh’s projections for annual production and demand, along with supply shortfalls, at five-year intervals through 2030. The data comes from a paper published Nov. 27 by the U.S. Association for Energy Economics and its international counterpart and posted on the Social Science Research Network, an online library.