Global oil demand will fall

Traditionally, global oil demand will continue to grow. Demographic change and the demand from emerging markets will support the continued growth in global oil demand, which is the common view of the energy industry. But such a view is wrong, because now begun to replace petroleum gas (gas exploration commonly used  hydraulic fracturing  (fracking), namely, water power fracturing shales, thus releasing hidden in  unconventional gas ) , and introduced a number of key countries, aimed at improving the fuel efficiency of its provisions. Oil demand in the current decade highs reached equilibrium probability is much higher than the market may estimate.
U.S.  shale gas  revolution has given way to the energy market has undergone tremendous changes. There will be more changes in the future. In the past 12 months, the U.S. natural gas prices fell to the lowest $ 2 / million BTU (natural gas benchmark price) or less, although it was later rebounded, but still far below the price of oil. The market seems to slowly come to accept such a reality: both will be in the foreseeable future continue to maintain huge price difference.
This led to the United States set off a wave of natural gas alternative to oil boom. This trend will soon spread to the world. Both for environmental and political point of view, or simply for the availability of energy considerations, the results are this trend has played a role in fueling.
That oil demand will grow the view is usually based on two reasons above: China and other emerging markets, demand for oil is rising, as well as consumers in those countries currently car ownership rate is not high. The logic behind that, as these countries become more wealthy people, more and more people will have cars.
This view ignores the following facts: According to the oil cartel OPEC (OPEC, referred OPEC) data provided by the 2010 global oil market daily demand of 8700 million barrels, while the daily demand from the automobile is only about 2200 barrels. The remaining demand comes from trucking (13 million barrels), aviation (500 million barrels), shipping (400 million barrels), rail transport (200 million barrels), petrochemicals (900 million barrels), other industrial activities (1,400 barrels ), electricity (500 million barrels), and heating (900 million barrels).
Almost all of these areas of natural gas (not oil) are increasing usage. Aviation is an exception, but even so, Boeing (Boeing) has produced a kind of liquefied natural gas (LNG) as fuel concept aircraft, Qatar Airways (Qatar Airways) This year is also the first time a commercial flight using a mixed fuel, this hybrid fuel mix of traditional jet fuel, and a natural gas made from petroleum-based fuels.
Notably, this change is not far away, it is not imaginary. We are not talking about hydrogen fuel cars or Japan methane hydrates (methane hydrate, can Ranbing - Translator's Note). Natural gas is an alternative to petroleum has been taking place in reality.