Kazakhstan Oil Consumption and Energy Efficiency in a Global comparison.
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Keywords:
Oil, Energy, Global oil production, oil consumption, energy efficiency.Abstract
Energy is inevitable for human life and a secure and accessible supply of energy is crucial for the sustainability of modern societies.This article presents the major global findings of the use Global energy and oil consumption and provides an overview of the current and projected energy scene.Five countries have been studied in this work. These include China, Japan, Germany, USA and Kazakhstan. Together the present energy budget of these countries is roughly half that of the globe. Four of the above five countries that are discussed in this work are all net importers of energy and are heavily dependent on imports of fuel to sustain their energy demands. Their respective local oil reserves will only last 9, 6, 7 and 4 years, respectively.The demand for energy is also presented and have been analyzed by daily consumption of oil and energy.References
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2 John M.Keynes. The General Theory of Employment, Interest and Money, Palgrave Macmillan, 2007. P. – 263.
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4 Milton Friedman. Free to Choose. Harcourt: United States. -1980. P.-338.
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2 John M.Keynes. The General Theory of Employment, Interest and Money, Palgrave Macmillan, 2007. P. – 263.
3 World bank WDI database. http://data.worldbank.org/data-catalog/world-development-indicators
4 Milton Friedman. Free to Choose. Harcourt: United States. -1980. P.-338.
5 Milton Friedman. A Monetary History of US, 1867 – 1960. Harcourt: United States. -1980. P.-426.
6 Li Shu Yun. The Transformation of Central Asia. Economic Science Press: – 2013. P. – 234.
7 Michael D. Bordo and Finn E. Kydland, ‘The Gold Standard as a Rule’, pp. 99-128. [From Explorations in Economic History (1995), pp. 423-30, 445-64 (abridged).]
8 Zhang Jie. China’s Regional Security Environment Review: 2015. Social Sciences Academic Press (China): – 2015. – P. 266.
9 World Energy Outlook. http://www.worldenergyoutlook.org
10 Mao Zheng Hua. Sovereign Credit Risks of Countries along the Belt and Road. China Chengxin International Credit Rating Co., Ltd. Economic Daily Press： – 2015. – P. 447.
11 Chai Li. Study on Countermeasures of Energy Cooperation Between China and Central Asian Countries. Social Sciences Academic Press (China): – 2013. P. – 241.
12 Energy Information Administration. https://www.eia.gov
13 BP Statistical Review of World Energy, June 2015. https://www.bp.com/content/dam/bp/pdf/energy-economics/statisticalreview- 2015/bp-statistical-review-of-world-energy-2015-full-report.pdf
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Kondybayeva Yerkin, S. N. K. (2016). Kazakhstan Oil Consumption and Energy Efficiency in a Global comparison. Journal of Economic Research &Amp; Business Administration, 114(2/2). Retrieved from https://be.kaznu.kz/index.php/math/article/view/1576
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