Consequences of Peak Oil on Global Tourism Demand
As part of their master in Tourism Destination Management study program, the students have written literature reviews in the domain of “International Tourism Context”. In this second of six literature reviews Maria Klampfl discusses the consequences of peak oil on global tourism demand.
Introduction
Oil is a finite resource. Though, the global trends in energy supply and consumption are environmentally, economically and socially unsustainable (Matutinovic, 2011, p.1131; 1129). Experts are increasingly warning about the rising energy challenge, the Western civilization and the world as a whole will have to face within the next decade (Matutinovic, 2011, p.1131; 1129; Nell & Cooper, 2008, p.1096). The consequences of less affordable oil on society are inherently complex (Becken, 2010, p.373). In fact, the diminishing oil reserves will put a “definite constrain on economic growth, global distribution of life- styles and the level of integration of global economy” (Matutinovic, 2011, p.1131). It will, furthermore, affect tourism and the way in which it is operating today.
The demand for oil is constantly escalating and it is alarming that while in the past “new oil reserves were discovered at a greater rate than consumption”, at present it is the opposite – new oil fields are detected at a lower rate than consumption (Becken, 2008, p.696). The oil price is influenced by multiple factors. Nevertheless on a long-term perspective, oil prices are “driven by world oil demand and supply, which is ultimately limited by resources” (Becken & Lennox, 2011, p.133). Scare supply of energy is inevitably leading to dramatically increasing oil prices. This will have significant effects on the transport and airline industry and will consequential affect the whole tourism industry (Leigh, 2011, p.165; 167; 169).
Becken claimed, yet there is only little “awareness of energy security and peak production of oil” within the tourism industry (2008, p.695). Furthermore tourism research has largely left out the issue of energy consumption in relation to a long term future of tourism. Accordingly this paper aims to increase the awareness of a possible oil scarcity and investigates the potential consequences of peak oil on the future global tourism development.
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