cover image: The approaching global energy crunch

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The approaching global energy crunch

28 Sep 2004

The high degree of uncertainty about the rate of increase in energy prices will require a greater use of indexation in the negotiation of long-term contracts to develop new sources of energy, whether domestic oil and gas fields, imports and exports, or newer forms of energy like wind and hydrogen. [...] Although both the IEA and the EIA say they expect a more rapid rate of growth in the developing world than in the industrialized OECD 6 C. D. Howe Institute Commentary countries, they appear to understate significantly the prospects for economic growth and for energy demand in the developing countries. [...] The NEB forecasts the economic growth rate for 2000-to-2025 to be in the 2.2 percent-to-2.7 percent range, with the higher rate of growth being achieved in the Techno-Vert scenario. [...] In other words, the greater the concentration on the environ- ment, conservation and technology, the higher the growth rate of the economy. [...] The IEA expects the price of imported crude oil to fall in the first decade of the century, then rise gradually to $29 per barrel in 2030, compared to $28 per barrel in 2000.
environment energy renewable energy bp economy coal wind water electricity generation natural resources economic growth petrol lng nuclear power energy industry renewable energy sources transport oil fuel opec nuclear generation energy and resource power resources athabasca oil sands artificial objects energy development price of oil barrel (unit) bpd

Authors

MacIntosh, Robert

ISBN
0888066392
Pages
32
Published in
Canada

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