Stories tagged with "non-oced"

A New Geopolitical Jevons Paradox? A Look at Non-OECD Oil Demand

This is part 2 of my post on oil demand. This time I look at the Non-OECD demand and how it may impact global oil demand. Based on data from the 2009 BP Statistical Review, the OECD oil consumption in 2008 decreased by -3.2% while demand within emerging economies increased by +3.1%. The report also indicates that oil production from OECD countries has been declining since 1997 and is now below 23% of the world production.


Figure 1. Increase in consumption since Jan, 2001.