Sentences with phrase «earlier production surpluses»
Earlier production surpluses in May 2005 and January 2012 were higher than today but were short - lived and related to specific non-systemic factors (Figure 9).
https://oilprice.com/ Not exact matches
The surplus only lasted for 6 months and never approached the level seen in 2014 - 2015 (an OPEC production cut in early 2009 limited the length of the surplus and possibly its magnitude).
Our consequent early success at doing so on (i.e., food production in surplus, the creation of habitation in harsh climates, life extension through medicine, etc.) have convinced us over time that the «rough justice» of nature could be attenuated to the point of irrelevancy.
«By 2012, surplus oil production capacity could entirely disappear, and as early as 2015, the shortfall in output could reach nearly 10 MBD.»