OIL DEMAND by kellena87

VIEWS: 22 PAGES: 23

									                           OIL DEMAND




Wednesday, July 22, 2009
                           AMERICAN DEMAND
                Current petroleum use worldwide is 85 million
                barrels/day

                     US share is 20 million/day

                at current price of oil ($65 per barrel), that’s a trade
                deficit of $300-400 billion

                     4% of total output of US ($14 trillion/year) is spent
                     buying foreign oil




Wednesday, July 22, 2009
Wednesday, July 22, 2009
                       PRICE OF PETROLEUM

             Fuel prices impacted by a number of factors

                  changes in the price of crude

                      supply and demand

                      “futures” speculation

                  government regulations

                      fuel specifications, taxes, additives


Wednesday, July 22, 2009
                       PRICE OF PETROLEUM




                           Petroleum hit $147 on July 11th, 2008


Wednesday, July 22, 2009
                           PRICE OF OIL




Wednesday, July 22, 2009
                     6 of the last 7 global recessions have
                   occurred directly after a spike in oil prices
Wednesday, July 22, 2009
Wednesday, July 22, 2009
Wednesday, July 22, 2009
                            PETROLEUM
                           CONSUMPTION




Wednesday, July 22, 2009
                           ENERGY USE




Wednesday, July 22, 2009
Wednesday, July 22, 2009
                      CHINA’S OIL DEMAND




Wednesday, July 22, 2009
                           CHINA




Wednesday, July 22, 2009
                           CHINA’S OIL IMPORTS
                China imports mainly from Russia,Venezuela, Iran, SA, and Sudan

                58% of China’s oil is imported from the ME (70% by 2015)

                The case of Iran:

                     China bought $120 billion from Iran in 2004

                     Promised to veto any UN resolutions against Iran’s nuclear
                     program

                     In return for energy deals, China may be providing WMD
                     assistance to places like NK, Syria, Libya, and Sudan

                     pg 145


Wednesday, July 22, 2009
                           CHINA AND SUDAN
                China has invested over $8 billion in oil exploration in Sudan
                (Sudan provides 7% of China’s oil)

                     Building a 900-mile pipeline to the Red Sea

                Deployed military personnel disguised as oil workers

                     imported small arms to support the government in Sudan’s
                     20-year civil war

                In Sept. 2004, UN resolution 1564 threatened oil sanctions
                against Sudan

                     China promised to veto the resolution, effectively killing it


Wednesday, July 22, 2009
Wednesday, July 22, 2009
Wednesday, July 22, 2009
                           GLOBAL DEMAND
      World energy demand will rise by
      60% in the next 20 years




Wednesday, July 22, 2009
Wednesday, July 22, 2009
Wednesday, July 22, 2009
Wednesday, July 22, 2009
Wednesday, July 22, 2009

								
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