They cut back and we commitAs traditional nvestment in oil exploration and development subside, particularly in difficult areas such as the artic and deep water, supplies will be curtailed; and hence prices will rise rewarding investors such as those in Recaf - if it pans out as we expect!
See below from OilPrice.com:
"Though less frequently discussed seriously compared to Peak Oil Demand, Peak Oil Supply remains a distinct possibility over the next couple of years, mainly due to serious underinvestments in oil and gas."