Is the Carbon Economy a Wake Up Call?

The world needs one million more barrels of oil a day than it produces. The netherlands are about to getlow, and Russia is thought to be able to cut production up to five million barrels a day without impact on their economy. If russia were to cut three million barrels of oil, so we would go from being over supplied by one million to supplied by two. So the threshold at which their economy doesn't really get that impacted the price of oil could go as high as 380 dollars a barrel.