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The Future of Oil

The Future of Oil

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Published by Laura2611
Edexcel A2 Geography Energy Security - Peak Oil etc.
Edexcel A2 Geography Energy Security - Peak Oil etc.

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Categories:Types, School Work
Published by: Laura2611 on Jul 08, 2010
Copyright:Attribution Non-commercial


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Some forecasters predict it will be between nowand 2020The IEA (International Energy Agency) predict thatdemand for oil will increase by 1.3% each yearbetween 2004-2030Forecasters say that production will fall by 3% peryear after the peakThis means prices will rise and it could cause deeprecessions
EuropeMany refuse to accept the idea of peak oilSweden say that they want to be ´oil freeµ by 2020. They aimto reduce oil consumption in transport by 40-50%, to not useany oil for heating residential or commercial buildings and toreduce consumption in industry by 25-40%France say that their peak will occur between 2013 and 2023Germany say theirs will happen around 2017But these countries have not yet produced a policy for tacklingpeak oil

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