The World Could Run out of Wine

The industry is experiencing an "under-supply of nearly 300 million cases a year."
MIDLAND, TX -- There is troubling news for wine lovers. The industry is experiencing an "under-supply of nearly 300 million cases a year." That's not enough to keep up with worldwide demand, according to a report from Morgan Stanley Research.

Global production dropped by more than five-percent last year, mostly due to bad weather in France and Argentina. America consumes 12-percent of the world's wine, but produces just eight-percent. The french drink more wine than any other country.

(Story from permianbasin360.com)

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