... mix as they will grow at the fastest rate around (6.4% p.a.). A new makeup of the energy mix will be largely down to slow growth in oil demand (0.8% p.a.) and record setting rates by gas (1.9% p.a.). A huge share held by coal will stay steady even as China begins to finalise its industrialization and shift to cleaner more energy inputs (e.g. gas), as other Asian nations will enter their own respective industrializations and boost demand for coal (at 1.1% p.a). As BP forecasts coal will resurge strongly in lesser economies like Indonesia, India, etc. As Ruehl points out industrialization has always been about the “cyclical effect of energy usage”, as first countries use cheap dirty coal when they are not ...
... grow faster than oil utilization in the coming decade at an average annual consumption growth of 2.2%, with much of this growth being driven by China. LUKoil sees that for Russia this is not good news as it is yet to complete any big gas deals with China, while its traditional European market is forecasted to persist in being difficult. Although European production will actually decline and imported gas will increase, the competition is expected to heat up a lot after 2015 as more potential suppliers enter the market (e.g. Qatar). By 2020 the ...
... politically as well as economically, for energy independence, albeit some questions remain about the possibility of exporting shale - as many in the US argue it should be aimed predominantly at the home market.
Non-US Shale Progress (Europe and Asia):
China is eager to jump on the Shale Revolution and aims to produce 100 billion cubic meters by 2015. Firms like Shell, Chevron, Chesapeake Energy and Devon already participate in Asia through joint partnerships – as China’s command economy ...
... cars are a lot more powerful today than ever, but due to new efficiency designs, they only require an equivalent to the notably less powerful cars of the 1960’s to 1980’s. Moreover, albeit global energy intensity has fallen globally (even China and Russia has improved) due to technological innovation within efficiency, nonetheless it is unlikely to fall further as the opportunity cost for the next stage of efficiency is too high. Lastly, in regards to developing economies the demand is ...
