Transcription of Chapter 14 Energy - Finance
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Chapter 14 Energy - Finance
One of the opportunity costs of civilization is increase in the amount of consumption of Energy per capita per year. Many alternative sources of Energy are still being researched and tested but technologies are continually being developed and enhanced to improve Energy sources. Still oil and natural gas will continue to be the world s top two Energy sources accounting for about 60 percent of global demand. World liquid fuels consumption grew from million barrels per day (bbl/d) in 2011to reach million barrels per day (bbl/d) in 2012 thus posting a growth of percent. Energy Information Administration (EIA) expects growth will be higher over the next two years because of a moderate recovery in global economic growth. The world consumption will grow by million barrels per day (bbl/d) in 2013 and by million barrels per day (bbl/d) in 2014.
One of the opportunity costs of civilization is increase in the amount of consumption of energy per capita per year. Many alternative sources of energy
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