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ENERGY FOR A SUSTAINABLE WORLD - World Resources Institute

ENERGY FOR A SUSTAINABLE WORLD - World Resources Institute

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Figure 1. The <strong>World</strong> Oil Price and Oil Consumption Rates<br />

60<br />

50-<br />

All Market Economies<br />

i _»- •—"N.<br />

>,<br />

ts<br />

D<br />

_j<br />

CQ<br />

CQ<br />

Million<br />

40 _<br />

30.<br />

•<br />

r<br />

X OECD Countries / \<br />

s \ _.. ^^ / V<br />

• •'*'•. .-•'' '•/ \<br />

/ ^ \<br />

<strong>World</strong> Oil Price / *-V<br />

BBL<br />

^<br />

1985<br />

20 _<br />

/ j<br />

/<br />

10.<br />

—<br />

• —<br />

0_<br />

1968<br />

! 1 I 1<br />

1972 1976<br />

Year<br />

1980 1984 1988<br />

The rate of oil consumption (in million barrels per day) is shown separately for the member countries of<br />

the Organisation for Economic Co-operation and Development, for developing countries, as well as for all<br />

countries with market economies. The world oil price shown is the refiner acquisition cost of imported<br />

crude oil in the United States (in 1985 U.S. dollars per barrel). Since 1977 the data are plotted quarterly.<br />

Prices are converted into constant dollars using the gross national product deflator.

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