BHP provides in its 1H16 results presentation, some long term perspective about looming supply shortages in oil, copper, & coal in 2025.
In tandem, the IEA in its recent medium-term report, as illustrated in Table ES.1 below, forecasts that the medium term might see sharp price rises in oil, saying that “the risk of a sharp oil price rise towards the later part of our forecast [2016-2021] arising from insufficient investment is as potentially de-stabilising as the sharp oil price fall has proved to be.”
Source: BHP's Interim Results Presentation and IEA 's Medium-Term Oil Report 2016
