International Energy "warning" from the world 's dependence on Middle East oil


The International Energy Agency warned on Thursday to increase the world's dependence on Middle East oil, noting that the decline in crude prices has increased the global demand has made major Middle East producers, the largest share of the oil market than it was.

In an interview with the British Financial Times newspaper Executive Director of the Agency Fatih Birol he said that there was an exaggeration to increase reserves and production from North America and do not reflect reality, a continuation of more and more on Middle East oil dependence.

The main economic news in the world two days ago, is to increase the reserves in America to exceed the reserves of Saudi Arabia and Russia and become the world's largest.

And it advises the International Energy Agency for Development and Cooperation (OECD) countries (leading industrial nations) on energy policies and is the opposite of the Organization of Petroleum Exporting represented the interests of consumers.

Birol said that Saudi Arabia and Iraq share of the oil market is getting closer than it was in the power supply crisis in the seventies.

He added that the demand for Middle East oil producers has risen in the past two years with falling prices and keep production in exchange for some producers stopped oil high cost in America, Canada and Brazil.

According to International Energy Agency figures the share of Middle East oil-producing countries, 34 of the global energy market, the highest since 1975, while the share of the region from the global energy market 36 percent.

In 1985, with the increase in oil production heavily from the North Sea, the Middle East's share fell from the global oil market to 19 percent only.

Producing countries in the region about 30 million barrels a day, the agency expects to increase with the increase in demand for the region's oil in the next two years.

Birol warned that low prices hurt efforts to reduce dependence on polluting energy, pointing to increased acquisition of big cars consuming more gasoline in the United States more than doubled in the last two years.

The rate of increase in big cars in China four times in that period.