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Energy chiefs say oil price must rise to ensure supply

Posted on 30 January 2009

From Guardian: Consumers agreed with producers in Davos that the oil price must eventually rise to ensure investment in future supply, while energy chiefs said more should be done now to protect the climate.

At its peak near $150 in July, oil was clearly taking a toll on the global economy and eroding demand for fuel. But a $100-plus collapse since then has slowed investment and raised the potential of tight supply when consumption picks up….. Full Article: Source


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