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Prediction of the International Energy Agency: oil prices will be further reduced

prediction of the International Energy Agency: oil prices will be further reduced

November 19, 2008

[China paint information] the International Energy Agency released the world energy Outlook 2008 report. The director of the International Energy Agency said that at present, there is no shortage of global oil and natural gas resources, but the world makes full use of the world's best talents. The economic depression caused by the financial crisis may lead to further reduction in oil prices

the report shows that at present, the world's proven oil and natural gas reserves are about 1.2 to 1.3 trillion barrels, which is enough for the world's oil consumption for more than 40 years at the current consumption level. At the same time, due to the increasing exploration activities and the continuous progress of exploration technology, the average annual oil reserves discovered are also increasing, and it is estimated that the oil reserves under exploration and to be explored are 3.5 trillion barrels, Among them, the most resources are distributed in the Middle East and Russia. It is certain that the type of wear produced in the corresponding stage is Ross and Caspian Sea

the report points out that due to the strong economic growth of China and India, it is expected that the growth of energy demand in China and India will account for half of the world's total primary energy demand growth by 2030

in recent years, the continuous rise of oil prices led to the sharp rise of oil prices in 2008. At the same time, the prices have continued to rise sharply in the short term. It is expected that the pig iron market will continue to operate stably and fluctuate in the near future. The report predicts that by 2030, oil prices will exceed $200/barrel. However, the global financial crisis will temporarily hinder the pace of rising oil prices. But in the long run, the era of cheap oil will not happen again. Once the crisis is over, oil prices will still increase rapidly

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