CONFERENCE ASSESSES WORLD OIL SUPPLY SCENE

The Offshore Northern Seas conference heard a number of long term outlooks in Stavanger, Norway, last week, all with the same conclusion: the oil and gas industry needs massive investment if it is to match future demand. Norwegian Prime Minister Gro Harlem Bruntland built her scenario on a doubling of world population every 40 years. By 2040 there will be 10 billion people if this trend continues, so a six fold increase in energy production will be required to maintain current living

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