Dependency of transport on oil

The transport sector is particularly vulnerable. Road and air transport, which relies on liquid fuels derived almost exclusively from oil, accounts for consumption of more than half of the oil produced worldwide.

Road transport is 97% dependent on oil. The rapid increase of passenger and goods traffic will inevitably add to the oil demand, unless substitution solutions are rapidly set up, which is no easy task. Liquid fuels provide a means of storing large quantities of energy, in a form which is easy to handle and, as we will see in Chapter 6, it is difficult to find substitutes offering comparable advantages.

The dependency of air transport is also a matter of concern in view of the higher traffic, which is expected to double every fourteen years. The share of aviation in world consumption of fuels intended for transport, which has already risen from 10.7% around 1990 to 13.5% in 2000, is expected to increase even further in the future. At the current time, air transport is totally dependent on the supply of kerosene produced from oil.

Increasingly dependent on road and air transport, international trade would be completely paralysed if oil supplies were cut.

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