International Energy Agency says 2050 baseline scenario is for oil demand to rise 70% - equivalent to five times today’s production of Saudi Arabia
Jun 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The International Energy Agency (IEA), the energy policy adviser to developed countries including Ireland, said today that on the basis of current energy policies, oil demand will rise 70% by 2050 - a rise that equals five times today’s production of Saudi Arabia.