FINANCIAL TIMES | Published: April 22 2009 08:14 | Last updated: April 27 2009 14:00

Crude oil prices have drifted below $50 a barrel this year as the global recession has dented energy demand in the world’s biggest importers. As stockpiles build up, producers have cut capital expenditure on exploration and new production facilities.

But this could be sowing the seeds of the next bubble, some analysts say. Any failure to gear up output to meet the needs of a recovering economy, could create a gap between supply and demand similar to that which drove crude prices to $150 less than a year ago.

http://www.ft.com/cms/s/0/4974dff4-2e78-11de-b7d3-00144feabdc0.html

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