A potential oil crisis in America?

Press Release Source: InvestorCanada.com

Today on InvestorCanada.com... A potential oil crisis in America? Wednesday April 2, 7:32 am ET

TORONTO, April 2 /PRNewswire/ - Oil production in Venezuela is only about 35% of its normal level, Saudi Arabia is maxed out, and demand for oil is poised to increase as the driving season kicks into high gear; all these factors could contribute to an oil crisis in America in the short term according to Bill Wood, President of Sovereign Chief Ventures.

On today's edition of www.InvestorCanada.com host Donna Guzik speaks to Wood about the state of the oil market. Wood says we can't rely on OPEC to produce enough oil to cover any shortfalls. He says, "Even though OPEC has promised that they would, we also know that presently, they are producing at max. The question is if our demand gets much higher, who's going to supply the difference?"

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