By Jim Taylor, Editor MACS ACtion Magazine
A recent “Vital Signs” report from the Worldwatch Institute examined worldwide oil consumption. A cautionary note here that it includes all uses of petroleum—manufacturing, food, medical, chemicals, plastics,etc—not just fuels. But the numbers are still revealing.
First they note that oil use fell 1.5 percent between 2008 and 2009 during the global financial crisis. However, in 2010 consumption grew 3.1 percent and more than overcame the previous loss. 2010 saw an all-time high worldwide use rate of 87.4 million barrels per day.
The report says that China alone accounts for ten percent of the daily usage, and that country’s growth accounted for a significant part of the 2010 increase.
Interestingly, they also found that oil consumption in countries belonging to the Organization for Economic Cooperation and Development was seven percent lower in 2010 than in 2005, while consumption in non-OECD countries was up 20 percent in the same period. [The OECD encompasses 34 member countries in North and South America, Europe and the Asia-Pacific region. It was founded in 1960.]
They also found that oil remained the largest source of primary energy worldwide, but its share for this use fell in 2010 to 37 percent. The rate of use as a fuel has been dropping for several years.
As the co-authors noted: “it is clear that the momentum of future market growth has moved to the developing world, where oil consumption did not miss a beat during the recession and shows no sign of slowing.
When having your mobile A/C system professionally serviced, insist on proper repair procedures and quality replacement parts. Insist on recovery and recycling so that refrigerant can be reused and not released into the atmosphere.
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The 32nd annual Mobile Air Conditioning Society (MACS) Worldwide Convention and Trade Show will take place January 18-20, 2012 at the Rio All Suite Hotel and Casino in Las Vegas, NV.