IEA Releases New Medium Term Energy Outlook Up to 2011

Schlumberger – Record oil prices will abate as production projects yield new supplies in the next five years, but filling up at the gasoline pump will continue to be an expensive business amid expectations for healthy global economic growth, the International Energy Agency said Wednesday.

The agency, in a new medium-term report, projected global oil demand growth of 2% a year up to 2011 based on expectations for world economic growth of 3-3.5% annually.
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