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World Energy Supplies and Demand

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Lauren W

on 7 May 2013

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Transcript of World Energy Supplies and Demand

- What will we do long term if there is no affordable energy? How much can be produced on the path we are currently on? The global consumption of energy is predicted to increase by 36% by 2035 and as the population grows, energy is going to continue to grow in demand. Economic output and improved standards of living will put more pressures on energy suppliers but an energy shortage may make energy more expensive and harm the economy. The U.S. is using about 25% of the oil produced and 70% of that oil is imported from different parts of the world.
"The worlds energy needs could be 50% higher in 2030 than they are today" says the International Energy Agency (IEA)
Even if renewable resources triple over the next 25 years, we will likely depend in fossil fuels for 50% of our energy in demand. Currently, the world consumption of oil is about 85 million barrels of oil per day.
Chevron invested $26 billion on exploration and production during 2011 knowing that populations are rapidly growing.
Within 20 years, countries such as India and China are going to double their energy use, mainly using coal and oil. Consumption Alternative Energy Renewable sources such as solar, or wind create energy depending on the weather and cannot create energy as needed like oil or coal can produce
Nuclear energy is an efficient option for the future because it creates large quanities of energy but can create non-disposable materials
Even by 2040, 55% of energy produced will be made from crude oil. Currently, 1.5 billion people have no access to electricity, however more than half of the energy produced is being wasted. The world is consuming energy that is not sustainable for the future. Coal is a primary resource, however is not efficiently produced into energy because it loses a lot of energy content. 100% Energy Content 62% lost at a power plant 2% lost in Transmission 36% of the Energy Reached the House Energy Efficiency Candle light might substitute electricity when energy prices become too expensive. The total energy consumption in 2035, in terms of quads, increase over the EIA 2035 projection of 170, 1,000 and 1,810 quads.
These represent the equivalent of the doubling, tripling and quadrupling of global energy consumption in 2010.
The global energy access shown implies massive amounts of new energy but there is no certainty. On this path there will be a world shortage of energy. The world has the potential to grow efficiently, The Global Energy Shortage is an issue that takes hard work, United. Nations. Foundation. Demand "Fuel for electricity generation will account for about 55 percent of demand-related energy growth"(ExxonMobil).
As the economy grows, commercial, residential, transportation, and industrial services will increase the amounts of energy needed to continue basic routines. and into a healthier world with less emissions, but the World can be Efficient. The population is expected to go up by 1 400 000 000 Global Energy demand will grow approximately 40% and emerging economies will be responsible for 96% of energy demand growth. BY 2030 If our energy is still 81% made out of fossil fuels, how will this global energy shortage lead us into a better place? We can have "sustainable energy for all" if we take more caution with energy we currently have. BP. BP Energy Outlook 2030 - Global Energy Trends. Youtube. Youtube, n.d. Web. 6 May 2013. <
- - -. BP Statistical Review of World Energy 2012. BP. BP, n.d. Web. 6 May 2013. <
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"Energy Supply and Demand." Chevron. Chevron Corporation, n.d. Web. 28 Apr. 2013. <http://www.chevron.com/globalissues/energysupplydemand/>.
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Planet for Life. N.p., 28 June 2010. Web. 17 Apr. 2013. <http://planetforlife.com/>.
Roger Pielke Jr. "How Much Energy Des the World Need?" The Breakthrough. The Breakthrough, 26 Feb. 2013. Web. 4 May 2013. <http://thebreakthrough.org/index.php/voices/roger-pielke-jr/how-much-energy-does-the-world-need/>. "SECRETARY GENERAL SAYS ‘ENERGY POVERTY’ TAKING ESPECIALLY HEAVY TOLL ON WOMEN; SUPPLYING THEM WITH SUSTAINABLE ENERGY MUST BE PART OF DRIVE FOR EMPOWERMENT." United Nations. United Nations, n.d. Web. 17 Apr. 2013. <http://www.un.org/News/Press/docs/2012/sgsm14367.doc.htm>.
"Suppliers." World Energy. WorldEnergy.com, n.d. Web. 28 Apr. 2013. <http://www.worldenergy.com/suppliers/>.
United Nations. United Nations, n.d. Web. 17 Apr. 2013. <http://www.un.org/wcm/webdav/site/climatechange/shared/Documents/AGECC%20summary%20report%5B1%5D.pdf>.
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