Dallas Fed Survey: Nobody is willing to invest in oil/gas
Three-quarters of executives said they believe there will be a global crude oil supply gap in the next two to four years.
A lack of capital is constraining the U.S. industry from adding much to supply, survey respondents said.
Of 400 institutional investors that one executive knows, "approximately one is willing to give new capital to oil and gas investment," said one anonymous survey respondent. "This underinvestment coupled with steep shale declines will cause prices to rocket in the next two to three years."