he world needs more energy as its population grows and as
countries become more economically prosperous.
TheUnitedStates has theworld’s largest demand for oil. Although
it has only about 5% of total world population, it uses nearly 25%
of the world’s total oil production and 45% of the world’s total
gasoline production.
And as the economies of countries like Brazil Russia, India and
China become richer, and their economies expand, their need for
more oil will grow.
To meet all this demand for oil without provoking market
imbalances, the right supply levels are needed. Measuring this
is always a challenge for the experts who work in the oil industry.
How much Oil
does the world need?
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