IEA's Sees Increased Risk of Oil-Supply `Crunch'

Discussion in 'Wall St. News' started by Daal, Nov 12, 2008.

  1. Daal


  2. 377OHMS


    Some very real demand destruction out there.
  3. Daal


    true. but unless we are into a new era in history where human civilization is in permanent decline demand will continue to grow in the long-run
  4. jsv416


    Key point from this article:

    "Fatih Birol, the IEA's chief economist, warned that even if growth in oil demand remained static in the years to 2030, production would need to increase by 45 million barrels per day, "which means bringing four new Saudi Arabia's on stream."