This chart shows the projected world demand for oil and a projected supply shortfall. The oil crisis of 2007 was just the beginning of this scenario, where oil supply first began to undershoot demand by about 5%. From Gail The Actuary's analysis of the potential of corn-based ethanol to address the supply shortfall.
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The oil crisis of 2007 was just the beginning of this scenario, where oil supply first began to undershoot demand by about 5%.
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