Sunday, December 11, 2011

Big spending needed to meet future oil & gas demand

Huge oil and gas investments, big efficiency gains and practical use of renewables are all needed to meet rapidly rising energy demand over the next few decades, the heads of the world's largest oil companies said on Tuesday.

Based on the historic increases in energy demand that have accompanied economic growth to date, demand in 2050 could be around three times that of 2000, Pete Voser, chief executive of Royal Dutch Shell said
� I Media LLC 2011

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Source: http://www.albawaba.com/big-spending-needed-meet-future-oil-gas-demand-report-404394

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