World Economy Entering Period of Oil Scarcity, Halliburton CEO Says

Jeff Miller warns that global oil supply could soon be surpassed by demand for the indefinite future

An oil worker removes a thread cap from a piece of drill pipe on a drilling lease owned by Elevation Resources near Midland, Texas, on Feb. 12, 2019. Nick Oxford/Reuters

News Analysis

Halliburton CEO and president Jeff Miller made waves on Monday predicting that the world is due for a period of oil scarcity in comments at the World Petroleum Congress in Houston, Texas.