A visual overview of world oil markets
AbstractTotal world demand for oil is expected to increase about 27 percent in the period 1985-2000. Demand in the centrally planned economies should remain constant. Oil consumption in the industrial countries is expected to grow only 19 percent in the same period. But the demand in the developing countries should grow about 50 percent. No other group of countries will experience so great an increase in demand for oil. As a result of"industrialization"shifts from the industrial countries to the developing nations, oil consumption in the industrial sectors of less developed countries has remained predominant over their transportation sectors. This has important ramifications for fuel substitution, efficiency improvements, and other policies.
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Bibliographic InfoPaper provided by The World Bank in its series Policy Research Working Paper Series with number 112.
Date of creation: 31 Jan 1989
Date of revision:
Environmental Economics&Policies; Energy Demand; Oil Refining&Gas Industry; Consumption; Energy and Environment;
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