Oil thirst ’set to outstrip supply’ | WHAT REALLY HAPPENED


Oil thirst ’set to outstrip supply’

According to a Reuters poll of 10 top oil-tracking analysts and organisations, oil demand is predicted to rise by 1.3 million barrels per day next year to 85.9 million bpd.

At the same time, the rise in production from outside Opec and output of natural gas liquids from Opec members is seen rising by just 800,000 bpd in total.

Webmaster's Commentary: 

This is driving many US geopolitical decisions, unfortunately in the wrong direction.

We have some brilliant minds in this country. We should be working on the kinds of alternative fuels which can power a tank, or an airplane.

That would stop the "oil wars" cold, if these developments weren't immediately snatched up by the oil companies to use when oil is really on the verge of not being available.

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