Admitting oil addiction.
The world is moving in the other direction. In its latest Vital Signs report, the Worldwatch Institute says that global oil use crept up 1.3 percent from 2004 to 2005. The group warns that continued reliance on oil could derail economic efforts in developing countries. "Of the world's 48 poorest countries, 33 are net importers of oil; more than half of these are completely dependent on imports," it says.
According to the Department of Energy, demand for energy in the developing world is scheduled to grow at an average annual rate of three percent between 2003 and 2030. CONTACT: International Energy Outlook, www.eia.doe.gov/ oiaf/ieo/oil.html; Worldwatch Institute, (202)452-1999, www.worldwatch.org.
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|Article Type:||Brief article|
|Date:||Sep 1, 2006|
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