...Another snippet from todays "Age"
..."The number of cars and trucks is projected to double in 30 years — to more than 2 billion — as developing nations rapidly modernise. And twice as many passenger planes, more than 36,000, will in all likelihood be flying in 20 years
All of that will require a lot more oil — enough that global oil consumption will jump by 35% by 2030, according to the International Energy Agency, a leading global energy forecaster for the US and other developed nations.
Producers will have to find and pump an additional 11 billion barrels every year.
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