Skip to comments.EIA Outlook: Fossil Fuels Continue to Dominate World Energy Supply
Posted on 07/31/2013 9:57:40 AM PDT by rktman
The Energy Information Administration (EIA) released its International Energy Outlook 2013 on July 25, reporting that global energy demand will grow by 56 percent between 2010 and 2040. According to EIA, most of this growth will come from the developing countries where strong economic growth is driving additional energy demand. EIA estimates that China and India will account for half of the worlds increase in energy consumption through 2040. China, for example, used 3.4 percent more energy than the United States in 2010, but is expected to double U.S. energy demand by 2040. Further, while nuclear and renewable energy are projected to be the fasting growing sources of supply, fossil fuels are still expected to supply almost 80 percent of that demand in 2040. As a result, based on current policies and regulations, energy-related carbon dioxide emissions are projected to increase by 46 percent between 2010 and 2040, with almost 70 percent of the increase coming from countries in developing Asia.
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We need to be building nuclear and fast. That’s one thing McCain had right.
Hey I have an idea - how about we build Thoruim reactors and use the heat to covert coal to liquid fuels? Sell the electricity generated into the domestic electric markets.
We could then have the chemical company sell the products into the petro-chemicals market and the fuel could be sold overseas with a percentage being returned to general fund.
This leaves domestic oil drilling and production in place and would work to reduce the price per barrel of imported oil.
Naw, the enviros and dems would never allow that.
Well, I like it. But I ain’t got the pull the enviro-wackjobs have so I guess I’m out.