We Are Not at the End of the Oil Age: ; New Developments Soon Will Increase the World's Supply WE are not running out of oil - not yet. "Shortage" is certainly in the air - and in the price. Right now, the oil market is tight, even tighter than it was on the eve of the 1973 oil crisis. In this high-risk market, "surprises" ranging from political instability to hurricanes could send oil prices spiking higher. Moreover, the specter of an energy shortage is not limited to oil. Natural gas supplies are not keeping pace with growing demand. Even...