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of developing Asian countries is expected to increase as a major global
oil consumer, which will have implications for the oil of OAPECmember
countries, in particular, and the oils of OPEC countries, in general.
Meanwhile, all forecasts indicate the increasing importance of the oil of
OAPEC member countries in global oil market, against a decline in the
shares of other producing groups outside OAPEC.
1.7 Future Outlook of Global and Member Countries Oil Supplies:
Opportunities and Challenges
The study mainly highlights the available opportunities and
challenges that will face the future oil supplies, in 4 main thrusts.
Thrust 1
addresses the development of global oil supplies over the past
three decades, the nature of controversy on the peak oil production,
and the concerns about oil depletion.
Thrust 2
highlights the factors
affecting the future global oil supplies.
Thrust 3
reviews forecasts of
global oil supplies until 2035, by type and geographic sources. This
thrust also highlights the ambiguity in the future global oil supplies and
investment needs.
Thrust 4
describes the role of member countries in
securing future oil supplies by showing the available opportunities and
challenges, which are expected to be met in this respect.
The main conclusion of the study is that there is a consensus on the
availability of sufficient oil resources to secure the required supplies up
to 2035. The critical factor to secure such oil supplies will depend on
the developments of oil prices, technological breakthroughs, the level
of manpower qualification, and the political factors, which, in their
entirety, affect the nature and expectations of investment decision.
1.8 End-use Energy Consumption by Business Sector in Arab
Countries
This study mainly exhibits the development offend-use energy
consumption in Arab countries over the period 1980-2009. It contains
