Saudis struggle to cope with oil thirst
The world's only oil superpower boosted output last month, launching a pair of projects that are part of a massive $55 billion endeavor to keep pace with the world's ever-intensifying thirst for oil.
But demand for the world's premier source of energy is rising so fast — by around 2 million barrels per day each year — that even Saudi Arabia's vast resources will be unable to cope without drastic help, oil executives and analysts say.
( Full story here )
But demand for the world's premier source of energy is rising so fast — by around 2 million barrels per day each year — that even Saudi Arabia's vast resources will be unable to cope without drastic help, oil executives and analysts say.
( Full story here )
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