For the OECD, the sharp hike in energy spending between 2020 and 2022 will come to about $5.5 trillion. Probably $2-3 trillion of that total will go into the pockets of non-OECD oil producing nations.
OECD countries generally spend a greater percent of GDP on energy than the U.S.
Energy prices remain stable for years, then spike, then revert back to old levels. Occasionally as in the 1970s during the Oil Embargo and Energy Crisis they really spike. And in 2021-2022, thanks to the Ukraine war, they rocketed up again. But how much impact do these episodes have on the economy? We decided to look at the question like this: how big are expenditures to consume energy in relation to gross domestic product .
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
IEA: The Energy Crisis Will Accelerate Renewable Power Growth | OilPrice.comAccording to the IEA, the global energy crisis will accelerate the development of renewable energy as countries pursue energy security
Lire la suite »
New plan to capitalise on ‘unique opportunity’ of fusion energy plantThe new site could be built as soon as 2040 if scientists can finalise the rapidly-developing technology to replicate it. Council bosses call it a 'unique opportunity'
Lire la suite »
People urged to donate £400 energy support to the needy in new campaignPeople are being urged to donate £400 energy support to the needy in a new campaign.
Lire la suite »
Battle deepens over UK’s Bulb sale to Octopus Energy\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Lire la suite »
Battle deepens over UK’s Bulb sale to Octopus Energy\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Lire la suite »
EDF investigate customer and quiz her neighbour after she reduced energy use to afford billsEDF investigate customer and quiz her neighbour after she reduced energy use to afford bills ➡️ Victoria Whiteman told theipaper she has been turning off lights, stopped watching TV and barely uses her gas heating in recent months to keep bills down
Lire la suite »