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IEA says oil prices will stay ‘very high,’ threatening global growth

International Herald Tribune, 31 October 2007

The rapidly growing appetite for fossil fuels in China and India is likely to help keep oil prices high for the foreseeable future – threatening a global economic slowdown, a top energy expert said Wednesday. The unusually stark warning by Fatih Birol, chief economist of the International Energy Agency, about the impact of Asia's emerging giants comes as the agency prepares to issue its influential annual report next week