A rapid rise in car ownership is a big factor that causes the oil consumption increase.From:http://www.nytimes.com/2007/12/09/business/worldbusiness/09oil.html?th&emc=th By Clifford Krauss
Internal oil consumption by the oil-export countries grows sharply during these years. Many oil-rich countries are not only selling their oil, but also starting to develop their economics. They use the resources they have to build their nation. Many oil-exporting countries such as Mexico and Indonesia are growing fast that their need for energy within their nations increases. The exports of oil decline more than three percent in Saudi Arabia, Russia, Norway, Iran and the United Arab Emirates. They need the oil to power their new cars, houses, and businesses which will help the economics to grow. Some oil-exporting countries use price controls to provide cheap fuel for their people. Saudis and Iranians only pay thirty to fifty cents a gallon for gasoline. Some experts say, if it continues to happen, the world’s largest suppliers may provide less oil to other countries.
According to CIBC World Markets, the rising internal demand of oil in Russia, in Mexico, and in members of the Organization of the Petroleum Exporting Countries would reduce exports as much as 2.5 million barrels a day. This will lead to the raise in prices. It will hurt the oil market and the developing world.
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