Posts Tagged ‘Germany’

World’s top 10 consumers of oil

July 24, 2008

Oil, or black gold, is the single most important commodity in the world today.

Scientists say that the world’s oil reserves could run dry over the next 30 to 50 years, crippling the world’s economy. Which means that new oil reserves will have to be found, or alternative sources of energy will have to be developed, or the consumption of oil will have to drastically reduced.

The globe uses up almost 82 million barrels of oil every day, or 30 billion barrels per year, and the consumption is constantly growing by the day, with economies like India and China growing at breakneck speed.

So which are the world’s largest users of petroleum?

1. United States

The United States of America is the single largest consumer of oil.

It uses as much as 20.73 million barrels per day!

2. China

A fast growing China is the world’s second largest user of oil.

The world’s most populous nation uses 6.534 million barrels per day.

3. Japan

Japan is the third largest consumer of oil.

The Asian nation consumes 5.578 million barrels per day.

4. Germany

Germany is the fourth biggest consumer of oil in the world.

It uses 2.650 million barrels per day

5. Russia

Russia is the fifth largest consumer of oil.

It uses 2.500 million barrels per day.

6. India

India is the sixth largest consumer of oil.

It burns up 2.450 million barrels per day.

7. Canada

Canada is the world’s seventh largest consumer of oil.

It uses 2.294 million barrels per day.

8. South Korea

South Korea is the world’s eighth largest consumer of oil.

It uses up 2.149 million barrels of oil per day.

9. Brazil

Brazil is the ninth largest user of oil.

It guzzles 2.100 million barrels per day.

10. France

France is the world’s tenth largest consumer of oil.

It devours 1.970 million barrels per day.

Courtesy  :- Rediff


G8 supports India on its growing energy needs

July 11, 2008

In a major breakthrough for the troubled Indo-US nuclear deal, the powerful group of eight (G8 ) industrialised countries on Wednesday decided to adopt a “more robust” approach to civil nuclear cooperation with India to help meet its growing energy needs.

“We look forward to working with India, the International Atomic Energy Agency, the Nuclear Suppliers Group and other partners to advance India’s non-proliferation commitments and progress so as to facilitate a more robust approach to civil nuclear cooperation with India to help it meet its growing energy needs in a manner that enhances and reinforces the global non-proliferation regime,” the Chair’s Summary released at the end of the G8 summit said here.

The statement came hours after US President George W Bush met Prime Minister Manmohan Singh here on the sidelines of the G8 summit.

The G8 is made up of Britain, Canada, France, Germany, Italy, Japan, Russia and the United States.

Leaders of 17 major economies met on the sidelines of the G8 meeting and adopted a declaration which affirmed the critical role of technology in meeting the global challenges of energy security and climate change.

“We will promote the uptake and use of such technologies, including renewables, cleaner and low-carbon technologies and for those of us interested, nuclear power,” the declaration said.

Leaders of the European Union, France, Italy, South Korea, Russia, Indonesia, South Africa and Mexico also attended the meeting before adopting the declaration on ‘Energy Security and Climate Change’.

Courtesy :- Economic Times