International Energy Agency (IEA) Executive Director Nobuo Tanaka on April 2, said low oil prices of crude oil-importing countries will bring a very positive economic impact.
Nobuo Tanaka explained that the end of this year if oil prices can be maintained at around 40 U.S. dollars a barrel, then it means that this oil-importing countries of the expenditures for imported crude oil than last year, substantially reduced.
Nobuo Tanaka called upon States to increase the economic stimulus plan for the development of green energy inputs. He warned that the International Energy Agency heard a lot of green energy investment plan was to reduce or cancel the message, but if the investment, in 2013 the world will be facing a new oil crisis.
Source: www.in-en.com Apr. 7, 2009
