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The Middle East’s Surprising Appetite for Oil

The Middle East’s Surprising Appetite for Oil | Geography Education | Scoop.it
CFR experts examine the science and foreign policy surrounding climate change, energy, and nuclear security.
Seth Dixon's insight:

Most everyone knows about the importance of Middle Eastern oil to the global economy and how that impacts geopolitics.  What isn't well-known is that the Middle East's own demand for oil has been increasing as their wealth and standard of living has been rising.  This chart does not show the amount of oil consumption, but the "energy intensity."  This is the amount of energy (often oil) used to produce a unit of GDP for a country's economy.  


Questions to Ponder: How will this change oil-producing countries economic development in the future?  How does this make us re-assess these economies?  Does this impact how we think about climate change issues?

 

Tags: energy, resources, Middle East, development.

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Seth Dixon's comment, December 12, 2012 3:07 PM
In essence, this is measuring "how many miles per gallon" your economy is getting.
geofoodgraz's curator insight, December 15, 2012 4:37 AM
Seth Dixon, Ph.D.'s insight:

"Most everyone knows about the importance of Middle Eastern oil to the global economy and how that impacts geopolitics.  What isn't well-known is that the Middle East's own demand for oil has been increasing as their wealth and standard of living has been rising.  This chart does not show the amount of oil consumption, but the "energy intensity."  This is the amount of energy (often oil) used to produce a unit of GDP for a country's economy.  

 

Questions to Ponder: How will this change oil-producing countries economic development in the future?  How does this make us re-assess these economies?  Does this impact how we think about climate change issues?"

Kaitlin Young's curator insight, December 14, 2014 1:49 PM

Many people are well-aware of the Middle East's important part in the world oil market, but many fail to realize that this region consumes more oil than any other. Government subsidized oil prices combined with a rising economy spurring increased population growth and development makes parts of this region thirsty for petroleum. Cars are becoming more popular and as areas develop, electricity is being produced by the direct burning of fossil fuels. Meanwhile, countries like Saudi Arabia continue producing massive amounts of oil. This natural resource is what is going to shape this region in the upcoming years, providing major economic development that may trickle down to the people. 

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