Not Enough Diesel Fuel In Europe By 2015?
Posted on August 15, 2005Analysts with Wood MacKenzie in Scotland have forecasted that there will be a diesel fuel deficit of 50 million metric tons, or 20% of consumer demand in 2015. Western Europe currently consumes 200 million metric tons of diesel, and by 2015 this figure is forecasted to grow by 30% to reach 280 million tons, Wood MacKenzie analysts said. According to various press reports in Europe, experts said the deficit could be avoided if refineries in Western Europe, Middle East and Russia were upgraded, but considerable financing would be needed. Edit Module