Shaw Capital Management Factoring: Oil Scarcity and its impact on the Global Economy

Shaw Capital Management Factoring: Oil Scarcity and its impact on the Global Economy http://www. oyetimes. com/business/44-markets/10984-oil-scarcity-and-its-impact-on-theglobal-economy TUESDAY, 03 MAY 2011 10:11 WRITTEN BY GLEN ASHER In the latest edition... More

Shaw Capital Management Factoring: Oil Scarcity and its impact on the Global Economy http://www. oyetimes. com/business/44-markets/10984-oil-scarcity-and-its-impact-on-theglobal-economy TUESDAY, 03 MAY 2011 10:11 WRITTEN BY GLEN ASHER In the latest edition of the International Monetary Fund s World Economic Outlook publication, the IMF dedicates a chapter entitled "Oil Scarcity, Growth and Global Imbalances" to an examination of the world s oil markets and the impact of growing oil scarcity on the world s economy. In this document, the IMF seeks to answer the current status of oil scarcity, how oil scarcity will impact the global economy and how oil scarcity willimpact economic policies around the world. Now that the price of both Brent and West Texas Intermediate seem solidly positioned above $100 per barrel for the first time since 2008, this is a timely study. Demand for oil has risen and, for some major consumers such as China, consumption levels have reached new records. Since Less