ENERGY

Global energy consumption has significant regional variations due to differences in industrialization levels, climate conditions, population density, and access to natural resources, as well as varying energy policies and economic activities across countries.

For instance, countries with colder climates may consume more energy for heating, while highly industrialized nations may have higher per capita energy usage due to their extensive manufacturing sectors.

This chart below, via (more…)

Economists have been attempting to forecast the point of peak oil—the year when oil demand reaches its maximum level—since the 1970s. Despite increasing warnings regarding climate change, global demand has continued to rise over the last few years and could continue.

In this graphic, Visual Capitalist partnered with Range ETFs to explore the global oil demand and determine which region will demand the most in 2045.   

Projecting Global Oil Demand

As per OPEC, Oil (more…)

Authored by Simon Watkins via OilPrice.com,

• The energy policies of the new U.S. president – Kamala Harris or Donald Trump – will be critical to how wider global events play out in the coming four years.

• The chance of the U.S. economy being in recession within two years of an upcoming election is dramatically increased as the oil price rises.

• During his term in office, President Trump very vigorously sought to enforce a ‘Trump Oil Price Trading Range’ with the lower (more…)