Oil Experts Believe We'll Have A Supply Shortage By The End Of 2025

As gas prices continue to rise, the CEO of Occidental Petroleum says the oil industry is facing a supply shortage by the end of next year.

"We're in a situation now where in a couple of years time, we're going to be very short on supply" said Vicki Hollub, on CNBC, "The situation is going to flip, it's going to become a problem by the end of 2025."

A problem that has been brought on by the Biden administration, and the left's radical green agenda.

"This has been caused entirely by short-sighted and largely ill-considered government policies, and Wall Street is falling in place behind them" said Tim Stewart, president of the U.S. Oil and Gas Association, "This is a very big deal, and we've got to get ahead of it. This is actually a long term problem that we have to address."

And in addition to the supply shortage, there is also going to be an increase in demand, with OPEC predicting an increase of 1.8 million barrels a day in 2025.

"Absolutely, it's going to keep growing and growing all the way up through 2050" Stewart told KTRH, "That demand will keep growing at the same time that those proponents of ESG and Net Zero have pushed investors to shy away from oil and gas."

The bottom line is, renewable's cannot continue to be made the priority. Something that Stewart says will change, when Trump returns to the White House.