OPEC Eyeing Oil Invest Review On Talk Of Oil Alternatives

The Organization of Petroleum Exporting Countries is eyeing a formal review that could eventually lead to less investment in exploring for future oil supplies because of endless discussion in consuming nations to reduce fossil fuel demand and fight global warming.

The International Energy Agency in Paris says crude oil, coal, and natural gas will remain the world’s dominant energy source to 2030 – accounting for 83% of the overall increase in energy demand between 2004 and 2030.

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