OPEC Projections on Future Oil Demand Overly Optimistic, Experts Warn

OPEC Projections on Future Oil Demand Overly Optimistic, Experts Warn

Experts are urging caution after the secretary general of the Organization of Petroleum Exporting Countries (OPEC) told delegates to the Global Energy Show Canada that there is no oil peak on the horizon, and that energy demand will increase by 24 percent by 2050. “The fact is that oil demand keeps rising, hitting new records year on year, is a clear example of what I’m saying,” Haitham al-Ghais said during his keynote address Tuesday, opening t…