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Energy

  • Jamie Rogers
Chapter
Part of the Global Financial Markets book series (GFM)

Abstract

The energy market is the largest market in the world after currencies. The two most significant drivers of energy demand are population and income growth. Since the start of the twentieth century, the world’s population has more than quadrupled, with real income and primary energy consumption growing by factors of 25 and 22.5, respectively. Over the twentieth century, the global annual average 3% GDP growth rate was sustained by an annual 2% growth rate in the energy supply, while energy consumption increased from an annual equivalent of 4 barrels (23.2 MM Btu) to 13 barrels (75.4 MM Btu) of oil per person.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Jamie Rogers
    • 1
  1. 1.New YorkUSA

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