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Oil Price

IEA World Energy Outlook 2010: Global crude oil production will never grow again

The International Energy Agency IEA published its World Energy Outlook 2010. http://www.worldenergyoutlook.org/

There are 3 main messages: crude oil production will never grow again, massive investments are necessary to keep that crude production flat and  OECD oil demand will have to go down so that OPEC and Chindia can use that oil. The following graphs are from [...]