Demand growth in China and India will make the competition for available oil resources more intense. According to panelists at the 16th Annual Energy Conference going on in Dubai, oil demand growth in these countries will be over half the growth in global demand between 2025 and 2050. The experts say the demand will spread to all the forms of energy and will have enormous impact on markets for exportable oil. These nations will depend on imports for three quarters of their consumption by 2035.There will be insufficient oil to satisfy global needs by then and this will make the competition to secure oil supplies extremely intense.