IEA Sees Global Oil Demand Hitting a Plateau Around 2030

The video discusses the future of global oil demand, highlighting the potential for demand to peak around 2030, influenced by government policies and technological advancements. It examines the impact of electric cars and SUVs on oil consumption, noting the rise of SUVs globally. The role of government policies, particularly in the US, is emphasized in shaping energy production, with a focus on the shale revolution. The video also explores the implications for OPEC and Russia, as US oil production grows, potentially reducing OPEC's market influence.

What is the expected trend for global oil demand according to current government policies?

• It will plateau around the 2030s.

• It will continue to grow indefinitely.

• It will peak in the next 5 years.

• It will decline sharply by 2025.

Which vehicle type has seen a significant increase in market share, affecting oil demand?

• SUVs

• Sedans

• Hybrid cars

• Electric cars

What major factor has contributed to the growth of shale oil production in the US?

• Increased oil prices

• Technological stagnation

• Government policies supporting R&D

• Decline in global oil demand

What percentage of global oil production growth is expected to come from the US in the next decade?

• 95%

• 85%

• 70%

• 50%

How has the share of OPEC plus Russia in global oil production changed since the mid-2000s?

• Increased to 75%

• Decreased to about 45%

• Remained stable at 55%

• Increased to 65%

What is the expected impact on oil prices if OPEC plus Russia does not cut production?

• Prices will drop below $30.

• Prices will remain stable around $60.

• Prices will spike significantly.

• Prices will double.

Which countries, besides the US, are expected to contribute significantly to oil production?

• Russia, China, India, Japan

• Norway, Canada, Brazil, Guyana

• Mexico, Venezuela, Argentina, Chile

• Saudi Arabia, UAE, Kuwait, Qatar