OTC panelists predict fuel crunch for developing countries

05/20/2002
Energy demand is growing in developing countries that may be hindered by the lack of investment in exploiting their own energy resources, said a panel of industry experts at the 4-day Offshore Technology Conference in Houston earlier this month.That demand is growing fastest in China and India, with their burgeoning populations. But in focusing on India and China, "we may be forgetting other parts of the world," warned Matthew R. Simmons, president and founder of Houston-based Simmons & Co. International, who mediated the invitation-only 2002 OTC Energy Roundtable on May 6.The combined populations of the 11 member countries of the Organization of Petroleum Exporting Countries, plus Mexico...
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