Report Predicts Sharp Increase In Oil Price By 2010

Posted by: Abhijeet Chavan
Thanks to: Bill Barker, AICP

21 April 2005 - 12:00pm

Canadian firm projects price increases necessary to close gap between supply and demand for oil.

"The world's growing demand for oil is expected to outstrip the supply in the years ahead. Alternative energy sources are not expected to be available in large enough quantities to fill in the projected energy gap. As a result, the price of oil is projected to increase in order to reduce demand to match supply. This brief report contains annual forecasts of the price of a barrel of oil to the year 2010."

Full Story: Crude Prices Will Almost Double Over Next Five Years

Source: CIBC World Markets, October 6, 2005

»

Login or register to post comments
Email this page

12' Square - Jan 10, 2010
Canada Finds Electric Car Infrastructure Already In Place - Jul 16, 2009
Fewer Cars for Better Cities - Jun 13, 2009
Will it be a Small World After All? - May 20, 2009
Oil Sands On Obama's Agenda - Feb 24, 2009

“

So, if parking is a necessary evil, it should be provided by the community rather than by individual owners, on a site-by-site basis.

”

Read the full article, written by Mott Smith.