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. EIA estimates that global liquid fuels consumption outpaced production in the first quarter of 2013 resulting in an average draw in global liquid fuel stocks of million barrels per day (bbl/d), which is much higher than the average per day (bbl/d) drawn over the last 5 years.
Energy 189 thermal power generation is 52 percent. Table 14.1: Supply and Consumption of Oil / Petroleum Products Oil / Petroleum Products Fiscal
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Energy, Energy Information, Energy Consumption by Sector, Energy: Overview and Key Statistics, Energy Efficiency Toolkit For Manufacturers, 2 Table, Cost and Performance Characteristics of New, Energy Information Administration, Cost and Performance Characteristics of New Generating, BENCHMARK VERSION OF THE, Benchmark version of the economic input-output life cycle assessment