| The world’s energy demand is growing with increasing population and rapid development in emerging markets. Today, about 1.1 billion people in the developed world consume 110 million barrels of oil equivalent per day (boe/d) in primary energy.
The developing world’s 5.8 billion people consume 140 million boe/d. What this means is that if the developing world were to consume primary energy even at the level of the EU (the most efficient energy users in the developed world), the planet would need a further 270 million boe/d to meet demand. This is more than double the current primary energy consumption...............................................Full Article: Source
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