Emerging Economies Deserve A Chance At Oil Riches, Too ...Middle East

OILPRICE - Economy
Emerging Economies Deserve A Chance At Oil Riches, Too
source : OILPRICE ( Middle East ) () 8
Emerging economies must continue to rely on fossil fuels while demand is high, largely ignoring the developed world’s green transition and taking this opportunity to develop their economies and boost employment figures around cheaper oil production than developed states can now offer.  As long as prices and demand remain high, emerging economies will continue oil and gas production as oil majors pursue low-cost oil projects across Latin America, the Caribbean and Africa, while North America and Europe begin the transition away from fossil…

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