Middle East Economic Survey

VOL. XLVII

No 43

25-October-2004

GENERAL

Letter To The Editor

What is the solution to the present and future oil crisis?

The demand for oil is expected to remain at a relatively high level for the foreseeable future, particularly in China and India whose combined population exceeds 2bn. According to the IEA the global demand for oil is expected to increase from its present level of 82mn b/d to 120mn b/d by 2030. Therefore it seems likely that as long as the present...