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Presented By: Group 10 (Under the Guidance of Professor R. Khurana ) Vivek Arvind Saptarishi MC Dhivya Kumar Vaibhav Pal. Let Us Start With a Question. What is Common Between…. Dodge Durango. Scramble for Drilling Rights in Alaska. Civil War in Nigeria.
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Presented By: Group 10 (Under the Guidance of Professor R. Khurana) VivekArvind Saptarishi MC Dhivya Kumar Vaibhav Pal
Organization of the Petroleum Exporting Countries (Sultans of Oil) Algeria Angola Ecuador Iran Iraq Kuwait Libya Nigeria Qatar Saudi Arabia (“Swing” producer) United Arab Emirates Venezuela
Europe (Lost Aristocrat) Major Players: • Germany • United Kingdom • France • Spain • Italy
The Russian Federation (Czar Phoenix) • Second Largest Oil Producer • 9.7 Mil. Barrels Per Day • World’s largest natural gas reserves • Big market players • Rosneft • Lukoil • Gazprom • TNK-BP
People’s Republic of China (Awakened Dragon) • World’s largest Energy Consumer (As per IEA, 2009) • Largest Coal Producer and Consumer • Largest Hydroelectricity Producer in the World • Three-Gorges Dam Generation = 20 times Hoover Dam
Reality Strikes…. • China is home to 20 of the world’s 30 most polluted cities.
United States of America (Uncle Sam) • 5.5% of World’s population accounts for 25.7% of the energy consumption. • US daily oil consumption 21 million barrels per day. (More than Europe put together) • US military uses more oil per day than entire of Sweden.
High Degree of Influence over world oil markets and world oil politics goes well beyond what US might achieve militarily. A Producer’s share of the US market is a critical measure of the producer’s political standing and future prospects.