Middle East World Economic Forum 2008 - Gamal Mubarak
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In fact, inflated oil demand is a complex issue. Whereas the OPEC insists it pumps enough oil into the world veins, limited availability of refinery plants seems to largely contribute to this phenomenon. Additionally, the ongoing competition between the industrial giants dramatically magnifies oil demands up to apparently unjustified levels. Oil-producing nations are also aware that oil is not a renewable resource and they have the right to save much of it to their future generations.
KhaledCanada08 3 years ago
In fact, the global oil demand is a complex issue. Whereas OPEC insists that its pumps enough oil into the world veins, limited availability of refinery plants seems a major contributor to the problem. In addition, tough competition between industrial giants for oil resources magnifies the demand up to very unjustified levels. Oil-producing nations are largely aware that this resource is not renewable and have to save it as much as possible for their future generations.
KhaledCanada08 3 years ago
It's just an equation, or a law;
every action has an equal and opposite reaction.
How can prices increase yet incomes don't.
Food, I think, is not a scarce resource.. What's happening then! It's no more about one country, as said, it's an international challenge!
Population increase,consumption increase, output and supply should therefore increase!
That's my opinion, as limited as it may be.
I really wish I was there to understand more
seifezz 3 years ago