During the Oil Crisis of the 1970s, oil spiked at a nominal peak of $38. In today's prices (adjusted for inflation), that is $106, a figure that we blew past in early 2008
Source : www.economywatch.com/world_economy/
Topics :Oil, World Energy Consumption
China oil demand (2007)- In 1999, the total supply of primary energy in the world was 9,744.48 MTOE (Million Tons of Oil Equivalent). According to estimates of 1999, it is projected to be 11,500 MTOE in 2010 and 13,700 MTOE in 2020
- As of 2005, oil remains well ahead of other energy sources (35%), coal meets 25 percent of the world's energy needs, natural gas is next (20%), and nuclear power meets 6 percent of the planet's energy needs
- The world crude oil production grew from 21 million barrels per day in 1960 to 56 mbd in 1973, a growth of 166%
- Per capita total energy consumption (as of 2001)
- In 1973, oil accounted for 46 percent of the world's total energy consumption; by 2005, its share had declined to 35 percent
- Angola exported roughly 465,000 barrels of oil per day to China in the first six months of 2007
- US energy usage in 2007
- The G-20 accounts for over 80 percent of the world's energy use (2008)
- World energy consumption by region (as of 2004)
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