equivalent of six Saudi Arabias, to meet its growing oil appetite by 2030, said the International Energy Agency (IEA). In its latest World Energy Outlook (WEO) 2008 report, the IEA described current global trends in energy supply and consumption as “patently unsustainable — environmentally, economically, socially.” The Paris-based agency has forecast that world primary demand…
MARKETS: IEA says six Saudi Arabias or 64 mb/d of new capacity needed to meet oil demand in 2030
Posted on November 17, 2008 by EnergyAsia