Shi Zhengrong Said Oil Prices Could Reach 150 U.S. Dollars / Barrel

Yesterday, the reporter from the Asia Society 18th annual meeting was informed that enterprises, Suntech Power chairman and chief executive officer Shi zhengrong predicted that international oil prices this year may reach 150 U.S. dollars / barrel.

Shi zhengrong for China's solar energy industry giants. He said that with the rapid economic growth in the world, global energy consumption and energy depletion is becoming two main themes. Among them, the developed countries on behalf of the U.S. population accounts for 5% of the world, but in the energy, 25 percent of the global depletion of energy.

In addition, developing countries, including China and India, economic development very quickly in the next 20-25 years, believe that energy consumption in developed countries will be similar. Based on this rate of consumption, Shi zhengrong judgement, in the international oil price has reached 130 U.S. dollars / barrel circumstances, this year is likely to break through 150 U.S. dollars / barrel, thus to our traditional energy resources, especially oil consumption has sounded the alarm.

Source: 太阳能商情网 May. 31, 2008