Gately, Dermot; Al-Yousef, Nourah; Al-Sheikh, Hamad M.H. - In: Energy Policy 62 (2013) C, pp. 844-859
OPEC′s domestic oil consumption has increased seven-fold in 40 years, to 8.5 million barrels per day (mbd). They consume almost as much oil as China. This constitutes one-fourth of their production. Such rapid growth in consumption (5.1% annually, faster than their income growth of 3.1%) will...