The fall in oil prices is temporary and will rebound because of high demand, Venezuelan President Hugo Chavez said.
Chavez cited a report from the International Energy Agency released this week saying oil-import prices will average $100 a barrel between 2008 and 2015 and that the threat of a ``supply crunch'' remains.
``These are circumstances we are living,'' Chavez said in comments broadcast on state television last night. ``The world will increasingly need more energy.''
What does Chavez know about the future price of Oil? Zipps.
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