Volume : VI, Issue : VIII, August - 2016

Oil crisis and its supply side effect; A review

Prince. Tc

Abstract :

 Oil business appears to be largest business in the world and is affecting every country, as well. The demand for energy is increasing at an exponential rate in all over the world; however the demand for oil products has registered a negative growth at international level. This research article is pondering over the reasons for negative growth of crude oil demands. In addition, it looks over the future of oil producing countries and their economic survival, in the backdrop of international policies on Green House Gas Emission. In response to the mandatory provisions, most of the countries have reduced the usage of oil products and they are looking for more fuel efficient technologies or alternative source of energies (renewable energies). While this is the case, what is the future of oil producing countries? This article throws light on the real challenge of oil crisis at international economic system.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Prince.TC Oil crisis and its supply side effect; A review Indian Journal of Applied Research,Volume : 6 | Issue : 8 | August 2016

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