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RT: IEA warns of possible oil shortage
Global demand will rise by 6% between 2022 and 2028, according to the energy watchdog
The International Energy Agency (IEA) has raised its outlook for world oil demand to a record high of 102.3 million barrels a day this year, saying it will be powered by faster-growing economies in the developing world.
In its latest medium-term market report released this week, the IEA projects global oil demand to grow 6% between 2022 and 2028 to reach 105.7 million barrels per day (bpd), up 5.9 million bpd compared to 2022 levels.
That growth will be supported by strong demand from the petrochemical and aviation sectors, it said.
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WNU Editor: The IEA also predicts oil demand to peak within a decade .... Oil demand could peak this decade, IEA says (CNN).
Update: This is where Russian oil is going .... IEA: 80% Russian oil exports went to India, China in May (India Times).
6 comments:
Did you know the inventor of Pringles is buried in a Pringles can.
Liberals whining: "But what about global warming?? (wringing their hands). "We need to outlaw oil to protect Mother Earth!"
And how much of those Chinese/Indian refined oil products are going to sanctions-enforcing Europe?
did you know that the developer of Pringles died from eating Pringles?
that might be a optimistic outlook. we are on the precipice of several things that could bring on a world wide depression or disruption of shipping. too many things to mention.
On another note, did you know more people die from eating pringles than who got the 2nd dose of mrna vaccines and there is a correlation between the growth of eating Pringles and the increase in childhood autism?
inquiring minds and all.
Hahaha oil shortage that was good, since we have a country called "Brazil", where the European Union itself went to visit, because it knows that there is much oil even on Earth than Iran itself.
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