Demand for Oil in Our Future

Colin Read
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Colin Read: SUNY College

Chapter 6 in BP and the Macondo Spill, 2011, pp 30-36 from Palgrave Macmillan

Abstract: Abstract There is little doubt that oil demand will increase significantly as aspiring BRIC nations (Brazil, Russia, India, and China) join the club in the First Economic World. Mitigating this rise in demand will be the ability of the most developed nations to afford new and more efficient technologies. However, if hand-me-down technologies make their way from the First Economic World to newly industrializing nations, and as these nations demand the commodity that they could not at one time afford, oil demand will still increase significantly. We next look at these global economic development phenomena through shifts in worldwide population and wealth.

Keywords: Economic World; Develop Nation; Family Formation; Double Digit; United Nations Population Division (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30508-3_6

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DOI: 10.1057/9780230305083_6

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