Assessing Future Energy and Oil Demand
This paper examines some of the uncertainties associated with the longer-term outlook for energy and oil demand. The recent collapse in oil prices or the ‘third oil price shock’ is having a considerable influence upon perceptions of future demand levels and the factors that determine them. Major events of this character nearly always create some temporary psychological response. Therefore it is important to isolate the purely temporary responses in order to identify any longer-term implications that may be present.
KeywordsEnergy Demand Energy Intensity Price Shock Gasoline Consumption Recent Collapse
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