“China’s increasing consumption of transportation fuels, combined with increases in India, other developing countries, and ongoing demand in the rest of the developed world, will lead to oil shortages within the next five years. Demand will exceed supply leading to ever higher prices and, for those nations heavily dependent upon imported oil, actual oil outages. China will thus drive a frenetic race to create alternative transportation fuels so mobility carries on.”

—  John Hofmeister, former president of Shell Oil Co.

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