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Posted on 25/01/07

Is the sun setting on oil sector's heyday?

GLOBAL ENERGY REPORTER

OTTAWA -- U.S. President George W. Bush is not alone in promising policies that would slash oil demand -- the European Union and China have also set ambitious efficiency targets.And that concerted action by the world's three leading energy consumers could put a damper on demand for crude oil and downward pressure on prices over the long term.

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