Oil Brief - USA - Outlook 2006
NEW YORK,NY,USA -Forbes, by Paul Maidment and Lacey Rose -16 Nov 2005: -- We are consuming oil faster this year than previously thought--and there's no sign of slowing down. In fact, the International Energy Agency (IEA) now forecasts that the world will consume 115.4 million barrels per day by 2030, up from 82.1 million barrels per day in 2004... This demand surge has combined with supply-threatening political uncertainties in the Middle East as well as natural disasters in the United States' Gulf Coast region, to drive crude oil to prices not seen before... This brief looks at the factors and actors behind today's high oil prices... Click on link, to go directly to that section...
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