The World’s Best Oil Reserves May Shrink Because Of Tight Emissions Rules ...Middle East

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The World’s Best Oil Reserves May Shrink Because Of Tight Emissions Rules
source : OILPRICE ( Middle East ) () 20
Oil demand this year could reach a record high, and there may not be enough oil to cover this demand for much longer. This seems to be the gist of a slew of recent news reports and forecasts about our fossil fuel future. The 2023 demand forecast was made by the International Energy Agency, which champions the phase-out of fossil fuels. The warnings that a shortage may well be imminent came, most recently, from Aramco’s CEO and the energy minister of the UAE. And now, Wood Mac has joined the band of grim forecasters…

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