'Asia faces rocky road in securing its energy needs'

from gulf times....


"Governments in emerging Asian economies will struggle to secure their rising energy needs as rapidly swelling demand in leading consumers China and India outpaces growth in supplies, which is likely to keep oil prices over $100 a barrel.


High fuel costs for importers are threatening their economies as they grapple with rising subsidy bills and inflation.


"The global economy needs to see lower prices, Nobuo Tanaka, former head of the International Energy Agency, said.


“If $100 oil continues, it will be as bad as 2008,” Tanaka told the Singapore International Energy Week (SIEW) conference"..........READ MORE