Stories tagged with "non-oced"
A New Geopolitical Jevons Paradox? A Look at Non-OECD Oil Demand
Posted by Sam Foucher on November 12, 2009 - 10:29am
Topic: Supply/Production
Tags: china, emerging economies, non-oced, oecd [list all tags]
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.

Figure 1. Increase in consumption since Jan, 2001.


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