The End of Fossil Fuel Era: Supply-Demand Measures through Energy Efficiency
In the last ten years,the world has faced an uncertain oil prices, unlike during 1970 when the oil crisis occurred due to the Middle East political crisis. The problem now facing has more in the increases of oil demand when the developed countries are not the major consumers for oil and other major fossil fuel anymore. China, India, Brazil and South East Asia nations lead the increases of the energy demand inline with their economic growth and population domination. The energy demand in ASEAN is dominated by the countries in Malaya peninsula (cognate) such as Indonesia and Malaysia (225 million and 25 million population respectively), Singapore and Brunei lead the domination in the economics, which are also one of the variables of the increases of energy demand. The paper will estimate the future energy demand (includes fossil fuel) ASEAN by using bottom up approach and various variables such as economic development and population trend from references developed countries, the country’s landscape and technological efficiency. It shows that the energy demand increase for the region is inevitable, the increases are followed by some consequences such as local fossil fuel scarcity, technological boundaries and infrastructure adjustment. The efficiency is most likely to be one of the keys for the region to be survived in the next 5 to 6 decades.