Source: Energy Information Administration (EIA)
1 and International Energy Agency (IEA)
2
Petroleum — referred to as "black gold", is one of planet Earth's most precious and in–demand natural energy resources. While demand from the industrialized "Organisation for Economic Cooperation and Development" (OECD) nations of America, Europe, and Japan is projected to slow by 2030, thirst for oil in the Non–OCED nations is skyrocketing. India and China are on pace to account for roughly 50% of the increase in global primary energy demand by 2030, with both countries expected to double their energy use over that period. 3