Lumsden on Changing Size and Structure of Oil Demand
Mr. G. Quincey Lumsden, the Director of Oil Market Developments at theInternational Energy Agency (IEA), has predicted that OECD oil demand willonly rise slowly in the foreseeable future because of significant improvementsin energy conservation, efficiency, and the substitution of other fuels for oil."We anticipate that the OECD's drive to greater efficiency and substitutionwill continue," he said at...
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