With gas prices surging as the war in Iran enters its third month, one Canadian oil and gas expert is warning the conflict has led to the “worst energy crisis that anybody alive has ever seen.”
Source: ‘Worst energy crisis’ anyone has ever seen: Experts sounds alarm over depleting oil
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“We have forfeited about 700 million barrels to date,” Nuttall told CTV News. “Even if the Strait were to open up tomorrow, we would lose 1.5 billion barrels at a minimum of forfeited production as a massive, massive, gaping hole.”
