Very interesting BP view of the drivers for Oil Gas Coal Nuclear etc to the Year 2030.
Our starting point in contributing to this debate has been BP’s work on the Statistical Review of World Energy, which this year celebrates its 60th anniversary. The Statistical Review, which documents trends in the production and use of energy, started out as an internal BP document and was made public for the first time in 1956.
In a similar way, the Energy Outlook, which contains our projections of future energy trends, has been used only internally so far. However, we feel it is part of our responsibility as a company to make important information and analysis available for public debate – all the more so if the issue at hand is as vital to all of us as is energy, its relation to economic development on one side, and to climate change on the other.
In this outlook we seek to identify long term energy trends, and then add our views on the evolution of the world economy, of policy, and technology, to develop a projection for world energy markets to 2030. It is a projection, not a proposition, and this is an important distinction
Filed Under: Energy,
Disclaimer:
As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. The author may own shares in any companies discussed, all opinions are his/her own & are general/impersonal. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.
BP p.l.c. (BP) is an integrated oil and gas company. The Company provides its customers with fuel for transportation, energy for heat and light, lubricants and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging. It operates in two business segments: Exploration and Production, and Refining and Marketing. Its Exploration and Production segment is responsible for its activities in oil and natural gas exploration, field development and production; midstream transportation, storage and processing, and the marketing and trading of natural gas, including liquefied natural gas, together with power and natural gas liquids. Its Refining and Marketing segment is responsible for the refining, manufacturing, marketing, transportation, and supply and trading of crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. The segment comprises three main businesses: fuels, lubricants and petrochemicals. more »
2 Posts on this Thread show/hide all
Let me guess ... Everything will be just fine and dandy in 2030.
Global economic output will have tripled, and oil production will have increased to 150m bpd a day or some such fantasy figure. This will mostly be comprised of NGLs (or as it would better be called "lighter gas") which AFAIK you can't actually put into your car.
CO2 emissions will have been reduced by half, while at the same time China and India will be using 4 or 5 times the amount of coal they are today.
Western countries will have rolled out 5,000 new nuclear power stations and 6 million new wind turbines, all at no cost and with no objections from the populace.
Blah blah blah ...
Sorry ... :-)
In reply to Mattybuoy, post #1
Actually mattybuoy, no (well, at least not entirely - though your guess is not too far out on gas ;0)):
It does foresee a significant rise in the contributions of coal, gas and renewables (iincluding biofuels) to energy consumption to meet an almost doubling of demand over that period. Worth a read, though of course, long-term crystal ball gazing is usually fairly futile...
Coal, oil and gas are each foreseen to contribute just under 30% of primary energy needs by 2030, with hydro, nuclear and renewables making up the remainder. Transport is foreseen to be primarily powered by oil and biofuels (probably optimistic on the biofuels front, IMO, unless you live in Brazil ;0)).
I should think populations' objections to cost effective power generation will reduce as the costs of ineffective methods become apparent. ;0)
Cheers,
Mark