According to the International Energy Agency, "Global energy needs will surge 50 percent by 2030 and prices will rise if capacity is not significantly increased..." They go on to say, "There are sufficient oil and natural gas reserves to meet those needs, particularly in North Africa and the Middle East, but about $20.3 trillion in new investments is urgently needed to bring those supplies to the consumer market." $20.3 trillion? $20.3 trillion? Not $20.307824155 trillion? And where are all those reserves, really? Now those supposedly in the know have a different story; world oil production by 2030 will be less than 2/3 of today's rate. That's 60 million barrels a day, not 120+ million barrels a day as IEA claims.
Oil demand seen surging in coming decades
Oil and Gas Projections Put Paid to Unrealistic Demand Forecasts
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