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Auverlot, Dominique; Teillant, Aude; Rech, Olivier
Centre d'analyse strategique - 18, rue de Martignac - 75700 Paris (France)2012
Centre d'analyse strategique - 18, rue de Martignac - 75700 Paris (France)2012
AbstractAbstract
[en] It is particularly difficult to predict the evolution of global oil production and its ability to meet the demand: the main uncertainties are related to the magnitude of the growth of emerging countries, more or less rapid decline in the production of major oil fields current events as well as natural or accidental, but especially geopolitics, which may affect, at any time, production. In a tight market today, the rapid growth of emerging economies, disruption of the oil supply chain world, even its mere mention, could cause short-term loss of excess production capacity - largely concentrated in Saudi Arabia - an increase substantial progress and, as contemplated by the International Atomic Energy imbalances between global oil supply and demand. If, after 2020, production of conventional oil begins to decline and the demand from emerging markets continues to grow, more massive imbalances may arise, leading to potential geopolitical tensions. Control would then demand the best answer. Otherwise, the resources of unconventional hydrocarbons, considerable expected to meet the demand, provided that their development is fast enough and their operating conditions are environmentally friendly. A consensus is emerging today on keeping oil prices high (above $ 100 / barrel) and volatile in the coming years, allowing some producing countries to pursue their development, but for France amplifying the negative effects on the economic growth oil bill (more than 49 billion euros in 2011) weighs more heavily in our trade deficit. In all cases, climate issues, the weight of the oil bill on our economy, securing our energy supply and technical uncertainties or geopolitical oil production call for reducing our oil consumption, accelerated motion the transition to a low carbon economy and development of our own energy resources. Contents: - Current analysis of oil reserves; - Uncertainties about the evolution of world oil production; - What is the potential long-term oil production of Saudi Arabia?; - What impact on global oil production?; - Alternatives; - Towards a rigorous energy policy to reduce our oil consumption to limit our emissions of greenhouse gases, reduce the deficit of the trade balance and improve the resilience of our economy to an oil shock
Original Title
Vers des prix du petrole durablement eleves et de plus en plus volatils
Primary Subject
Secondary Subject
Source
Sep 2012; 16 p; Available from the INIS Liaison Officer for France, see the 'INIS contacts' section of the INIS website for current contact and E-mail addresses: http://www.iaea.org/INIS/contacts/
Record Type
Miscellaneous
Report Number
Country of publication
AFRICA, ARAB COUNTRIES, ASIA, DEVELOPING COUNTRIES, ENERGY MODELS, ENERGY SOURCES, FORECASTING, FOSSIL FUELS, FUELS, GEOLOGIC DEPOSITS, GOVERNMENT POLICIES, INDUSTRY, INTERNATIONAL ORGANIZATIONS, LAKES, MIDDLE EAST, MINERAL RESOURCES, OIL-EXPORTING COUNTRIES, PETROLEUM, PETROLEUM DEPOSITS, RESOURCES, SEAS, SURFACE WATERS
Reference NumberReference Number
INIS VolumeINIS Volume
INIS IssueINIS Issue
External URLExternal URL