The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why.
Mounting demand for plastic is another factor. So is increasing plane travel. And the upcoming population boom in cities across Africa and Asia.
All this is according to an important global industry forecast released Wednesday by the International Energy Agency that is used as guidance by oil companies and governments.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.