An inconvenient truth about OPEC

DALLAS - The three major organisations that forecast long-term oil demand and supply - the International Energy Agency (IEA), the Organisation of Petroleum Exporting Countries (OPEC), and the United States Energy Information Administration (EIA) - along with oil companies and consulting firms, believe that OPEC will reconcile predicted global demand and non-OPEC supply.

But they are wrong: OPEC output will not meet such projections, because they are based on flawed and outdated forecasting models.

In forecasts that carry forward to the 2030's, the three organisations share the view that world energy demand will increase, that developing countries will account for most of the increase, and that fossil fuel will remain dominant.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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