The Future of Oil as a Source of Energy

Author/s: several co-authors
1st Edition Year: 2002
Edition: First edition
Language: English
Available Languages: العربية
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Description

This book examines various aspects of the future of oil as a source of energy, including future oil supply, oil demand and market stability. It reflects the analysis and assessments of the energy experts who gathered at the ECSSR’s Sixth Annual Energy Conference, entitled The Future of Oil as a Source of Energy. Although the future supply of oil is difficult to forecast due to many uncertainties around production and reserve data, it is estimated that oil from the Gulf and other non-syndicated oil producing regions will form the larger part of global oil supplies after 2010.

The volume also explores the potential of alternative energy sources like gas, hydrogen and renewable sources. Despite the projected increase in energy demand due to population growth and higher standards of living in the developed world, heightened environmental concerns and policies to reduce damaging emissions are likely to reduce oil؟s share in the energy market over time. A combination of conversion technologies and energy sources, including natural gas, renewable energy and hydrogen, now has the potential to form more than niche markets in the currently oil-dominated energy sector, at least in certain parts of the globe. Nevertheless, it is expected that oil will continue to be the energy source of choice for most regions.

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