ASSESSMENT OF CENTRAL ASIA’S OIL AND GAS RESERVES AND THEIR BUDDING SALES MARKETS (THE EU AND CHINA)
Abstract
In recent years, significant funds have been invested in creating and improving new sources of energy (wind and solar energy, the production of biofuel, and so on), however most experts admit that there is still no alternative to oil and natural gas. Moreover, the importance of oil and gas resources will continue to increase even more in the next few years, particularly after the accident at Japan’s Fukusima-1 Nuclear Power Plant, which has revitalized the problem of nuclear energy safety. The world (particularly Europe) has been calling loud and clear for the operation of nuclear power plants to be halted and the use of nuclear energy to be eliminated altogether. If the use of nuclear energy declines, global oil and natural gas consumption will most certainly increase, as its steady rise in past decades already confirms.
According to the forecast of the International Energy Agency (IEA), in 2010, the amount of oil consumed by the world economy rose by 2.8 million barrels and reached a level of 87.8 million barrels a day. In 2011, this index is expected to exceed 90 million barrels for the first time in history.1 Of course, this figure is slightly lower than the earlier forecast due to the global financial-economic crisis of 2008- 2009.
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