The International Energy Agency cut its global oil demand forecast last week. The agency said that the downward revisions were mainly owing to sluggish economies in developed countries and the knock-on effects of Hurricane Sandy in the US.
But there is another forecast for the US, which is much more optimistic. In 20 years the country may become self-sufficient in terms of oil and natural gas. We’ll discuss the US’s energy future with Gareth Lewis-Davies from BNP Paribas in London.
Also in the programme: British MPs accused major multinational companies of aggressive tax avoidance while the eurozone slid back into recession.