Unformatted text preview: energy demand in OECD countries
is expected to fall slightly by 2015. In 2007,
these nations used around 5.5 billion tonnes
of oil equivalent, compared with 6.2 billion
tonnes in non-OECD countries. That gap is
expected to widen, because the annual rate
of growth of non-members’ energy use is
predicted to be more than ten times that of
member economies between 2007 and
2030. China’s energy demand will overtake
America’s by 2015. By 2030 China and India
together are expected to account for almost
a third of global energy use. By then, the
world will consume 16.8 billion tonnes of oil
equivalent. Coal will fuel the bulk of China’s
increased energy use. Reprints & permissions Markets and data
All markets and data
World markets http://www.economist.com/markets/indicators/displaystory.cfm?story_id=14857237 12/27/2009 3. The Linder hypothesis 4 (1) Heckscher-Ohlin theory is fine for primary products.
(2) However, manufactured goods do not exist "in nature".
(3) Entrepreneurs create ne...
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- Winter '14
- Peak oil