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OPEC: "Oil demand 'to grow 50%'

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KevO
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Joined: May 24, 2005
Posts: 2358

Posted: Thu Jul 10, 2008 11:53 am Post subject: OPEC: "Oil demand 'to grow 50%'

BUT THEY CAN MEET IT SO NO NEED TO WORRRY!!

Quote:

World demand for oil will grow by 50% between now and 2030 as people in developing countries drive more cars, oil producers' group Opec says.

In its 2008 world outlook, Opec said that adequate oil reserves and new methods of exploiting them would allow supply to keep up with demand.

The group blamed sky-high oil prices on the weak US dollar and speculators.

But critics say it is Opec's refusal to increase oil supply that is causing sky-rocketing crude prices.

Full BBC news story
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