2007 Global Energy Survey
At the Cross Roads
At the Cross Roads: Major shifts in prices, geopolitical conditions
and environmental concerns propel the industry into new territory.
countries; China along will account for 30 percent of the increase. Meanwhile, China’s share of world oil demand alone is expected to jump from 7.6 percent in 2004 to almost 11 percent in 2020, according to The Economist. India’s share has also increased last year. Global oil consumption
increased at 3.4 percent, more than the typical annual growth rate of 1-2 percent. Most surveyed executives link escalating demand to the East Asian economic boom (in China, India and Pakistan). Respondents predict an increase in demand for all energy types, including a renewed focus on nuclear energy. Most survey respondents believe that booming demand will further strengthen calls for emission controls from consumers and governments. The stage where industry executives will face environmental challenges while simultaneously addressing the increased demand pressures has been labelled by a number of our respondents as a
period of “Sustainable Creativity” (Figure 1). This period will test the industry’s inventiveness, its ability to reach out across regional and competitive lines and its ability to shape economic and social dialogue. previous | next
The World Energy Council in partnership with Oliver Wyman (global consulting firm) has over the past year worked on its third Assessment of country energy and climate policy aiming to identify key areas for policy improvements and to understand how successful policies can be transferred from one country to another. more >