Investigate the Effects of Financial Markets on Energy Consumption in OPEC

In recent decade Investigate of effective elements on energy consumption has concerned by economists and policy makers. Resources scarcity spatially energy has important role in supply and demand circular model from demand side as a final good as well as from supply side as input and intermediates goods has play widely. In spite of existence oil and gas resources In Iran and other OPEC countries this is important subject. This paper wants to show effective elements on energy consumption like: financial development, energy intensive, inflation and urbanization have significant effect on energy consumption. The panel data composition by [40] with small change has been used the panel data has used from 1990 to 2014 for OPEC countries. The results show that financial development has positive effect on energy consumption.