Because the current low crude oil prices are making it unattractive for companies to make “upstream investments” in getting crude out of the ground, it could spell trouble for oil security and oil and fuel prices down the road, according to an executive at the International Energy Agency. Bloomberg reports that Neil Atkinson, head of the IEA’s Oil Industry and Markets Division, said in Singapore on Wednesday that the “historic” investment cuts currently taking place increase the possibility of oil-security problems in the future.
