OPEC Leaves Us Exposed to Oil Shock
Opening the spigots puts the squeeze on spare capacity
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OPEC's strategy to lock down its share of the oil market comes with a worrying by-product: rising production means the world is less able to cope with a big supply disruption than at any time since the financial crisis.
That may not seem a cause for fear when the world's awash with oil. But it could become much more of a problem once the market re-balances and demand outstrips supply again.