World demand for oil will grow by 50% between now and 2030 as people in developing countries drive more cars, oil producers' group Opec says.
In its 2008 world outlook, Opec said that adequate oil reserves and new methods of exploiting them would allow supply to keep up with demand.
The group blamed sky-high oil prices on the weak US dollar and speculators.
But critics say it is Opec's refusal to increase oil supply that is causing sky-rocketing crude prices.
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