Middle East Oil will account for Most of the World’s Demand Growth IEA Believes
An updated analysis from the International Energy Agency (IEA) has determined that the current oil price environment has boosted the share of oil produced in the Middle East. At 31 million barrels per day, the region now accounts for 35% of global oil supplies, the highest level since 1975, according to data from the IEA.

1975 Chrysler Town and Country station wagon: when equipped with the 440 cubic inch V-8 engine, the gas mileage was 11.2 miles per gallon.

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