OIL SUPPLY/DEMAND

IEA Economist Again Warns That New Oil Must Be Found

On the basis of moderate economic growth between now and the year 2000 - 2.6% annually in the OECD, 3% in the oil exporting developing countries (OXDC) and 3.3% in the oil importing developing countries (OIDC) - a "plausible" scenario for non-Communist world energy demand (see Table 1) would involve a growth in world oil demand from 44.9mn b/d in 1982 to some 53.3mn b/d in 2000, according to Dr. Herman...