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Oil supply outstrips demand too.
There are two ways to assess the world's oil supply.
"I think they are worried about oil supply," he added.
They want to see a predictable, stable oil supply".
Oil supply has risen by 2.3percentt since 2010.
Production now accounts for about 20% of Canada's oil supply.
When the oil supply crunch comes, we are in trouble.
The oil supply dried up, and prices rose precipitously.
What do you think that's going to mean for oil supply, gas supply, if anything?
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They also vehemently disputed the claims of oil-supply skeptics.
(See: "Chavez Threatens To Cut U.S. Oil Supply Over Vote").
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