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Demand for Energy Will Increase<br />
Oil Consumption per Capita (bbls)<br />
30<br />
25<br />
20<br />
15<br />
10<br />
5<br />
• Per capita consumption of<br />
oil in large emerging<br />
economies is a fraction of<br />
the OECD average<br />
• There are 3 billion people in<br />
fast growing emerging<br />
economies<br />
0<br />
United<br />
States<br />
OECD<br />
Average<br />
Japan Germany China India<br />
• As standard of living<br />
improves demand for energy<br />
will increase<br />
Source: Simmons & Company International<br />
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