Oil Supply and Demand Dynamics
Description:
One of the main power to slow down climate change negotiation process is from OPEC member cuntries[1] according to the interview, and therefore, to understand the global oil demand and reserve is an important indicator to assume the bargain power of OPEC member countries.
Besides, the two main source of carbon dioxide emission are from "power generation" and "transport" until 2030.[2](p19, figure2)
Enablers:
The oil demand will still grow.
Huge increase of oil consumption in Brics (Brazil, Russia, India, China)
Inhibitors:
The oil resource is declining [3]
World renewable electricity generation will increase [4](p14 figure 7), [5](p24~49)
Oil usage will become more efficient
Oil spills
Algeria, Iran, and ARE are three OPEC countries that have large potentials for renewable energy production. These countries are also engaged in unclear energy plans.[6](p15)
Paradigms:
The growing oil demand in the future
Timing:
Web Resources:
Oil market report by IEA
General view of oil supply and demand by IEA
Energy demand and supply in China
International energy outlook 2010