Trend of Supply and Demand of Petroleum in the World

Abstract

Energy consumption is growing in the every district of the world today, and the growth of petroleum consumption is especially rapid, since liquid energy resources has the merit to be controlled easily. Japan depends its major part of energy supply on overseas resources because of scarcity of domestic ones. We realise, however, it is not easy to meet petroleum demand in the future, when we consider the deposits condition of petroleum resources in the world and R/P. It is therefore necessary to make still more effort for development of nuclear technology. economization of energy consumption and renovation of energy conversion technology as well as continuous obtainment of cheap petroleum.