Jim_Krane]_Energy_Kingdoms__Oil_and_Political_Sur

66UNNATURALLY COOL usual buttoned- up suit. The president’s choice of haberdashery was no accident. He had a message for Americ ...

UNNATURALLY COOL67 structural reductions based on investment in alternate fuels and more efficient capital equipment— Toyotas, ...

68UNNATURALLY COOL in demand means that nearly a quarter of GCC oil production is now diverted to domestic use. At the time of ...

UNNATURALLY COOL69 Twenty years ago, when output was substantially lower, the kingdom consumed 15 percent of its production (fi ...

TABLE 5.2 The world’s largest oil consumers Oil consumption rank Oil consumed 2016 (MMb/d) GDP 2016 (billion US$) Population 201 ...

UNNATURALLY COOL71 In Kuwait, power demand in citizen homes has reached levels that beggar belief. A typical Kuwaiti family occ ...

72UNNATURALLY COOL FOSSIL- FUELED DEMAND While the Gulf is one of the few regions still to use oil for electricity, it doesn’t ...

UNNATURALLY COOL73 imbalance. With ever- larger domestic needs in power generation, desal- ination, and industry, they became n ...

74UNNATURALLY COOL Population growth in the Gulf has been a big factor. The number of inhabitants has quintupled over four deca ...

UNNATURALLY COOL75 The Gulf ’s broadening industrial structure also contributes, given the profusion of energy- intensive busin ...

76UNNATURALLY COOL for three hours, you can run it for eight hours. Motorists can drive more often, commute longer distances, o ...

UNNATURALLY COOL77 subsidy portion grew over time to become a major burden on govern- ment budgets. While the initial motivatio ...

78UNNATURALLY COOL and even more the previous year, when international prices were higher (table 4.1). At times when oil produc ...

UNNATURALLY COOL79 provide the foundation for strong relations with the United States, which come with significant security ben ...

80UNNATURALLY COOL incomes (2016 GDP per capita of $98,000 in Abu Dhabi is still more than double the $40,000 in Arizona). Comp ...

UNNATURALLY COOL81 a/c system, higher utility bills might prompt you to upgrade to more effi- cient technology. Given time, con ...

82UNNATURALLY COOL energy prices, homes and buildings in Arizona are built with energy effi- ciency in mind. Most in Abu Dhabi ...

UNNATURALLY COOL83 the government’s policy of leaving electricity prices untouched since 1966 has played out. Had prices been i ...

84UNNATURALLY COOL rent windfalls of 1973 and 1979. At the time, there was a sense that resources were in surplus. If natural g ...

6. We Have a Serious Problem A bu Dhabi’s annual International Petroleum Exhibition and Conference (ADIPEC) is one of the indust ...