For every barrel of oil the industrialized world expects to eliminate from demand through efficiency or other ways of reducing demand, developing countries will burn through two additional barrels

IEA Says Oil Supplies May Not Keep Up With Demand

By Oilprice.com -- Nick Cunningham—— Bio and Archives--November 15, 2014

Global Warming-Energy-Environment | Comments | Back To Full Article

Despite what appears to be a saturated oil market in 2014, oil producers around the world will struggle to meet rising demand over the next few decades. In its latest annual World Energy Outlook, the International Energy Agency (IEA) warned that the current period of oil abundance may be fleeting, and in fact, without heroic levels of production increases, oil markets will grow dangerously tight in the coming years.

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