Projections of oil demand in road transportation sector on the basis of vehicle ownership projections, worldwide: 1972–2020

Maryam Keshavarzian, Sara Kamali Anaraki, Mehrzad Zamani and Ali Erfanifard

Economic Modelling, 2012, vol. 29, issue 5, 1979-1985

Abstract: Oil demand in the road transportation section accounts for more than 50% of total world oil consumption amongst the whole sectors, including road, aviation, railway, waterways and international marine transportation. The high demand rate of oil makes this sector the main and major oil consumer in the world. The vehicle ownership or intensity of vehicles is one of the main factors which determines the development of oil demand in this major sector.

Keywords: Vehicle ownership; Gompertz function; Saturation level; Transport oil consumption; Transport oil demand projections (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecmode:v:29:y:2012:i:5:p:1979-1985

DOI: 10.1016/j.econmod.2012.06.009

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