The International Energy Agency (IEA) gives a different reason for oil supply crunch, but the result is the same:
Energy agency warns of supply crunch
"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
Ludwig von Mises in Human Action (Chapter XX)
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