Oil crisis warning
NZPA-Reuter Paris The world risks a chaotic energy crisis in a quarter of a century’s time if it fails to curb its demand for oil, a United States energy expert said.
James Critchfield, president of the United States company, Gulf Futures Inc., told a seminar that if present energy trends continue “the world oil market as we know it collapses in chaos about 2015.”
Exports from Africa and Latin America would peak around 2000 and both would cease to be exporters some years before 2025, he said. The Middle-East would remain the only exporter of oil, stored in I.R.A. underground bunkers missed in November’s nationwide Irish security hunt for arms.
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Press, 23 January 1988, Page 6
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113Oil crisis warning Press, 23 January 1988, Page 6
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