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Gasoline section shows results for fuel derived from both conventional oil and oilsands. However, the range in values for shale and conventional gas overlap, so there is a statistical uncertainty whether shale gas emissions are actually lower than those of conventional natural gas. Credit: ACS, Burnham et al.
Natural gas is projected to be the fastest growing fossil fuel, and coal and oil are likely to lose market share as all fossil fuels experience lower growth rates. OECD oil demand peaked in 2005 and in 2030 is projected to be roughly back at its level in 1990. Oil, excluding bio-fuels, will grow relatively slowly at 0.6%
However, the US military can play an important role in promoting stability in major oil producing regions and by helping protect the flow of energy through major transit corridors and on the high seas, the reports suggest. In the lead report, Bartis notes that global oil supplies are finite and thus, at some point, oil production must peak.
When we turn up the heat in our homes and workplaces, we must balance our personal need for warmth with the global impact of burning fossil fuels like oil, gas, coal, and biomass. The hot air is circulated through a network of pipes inside a sand-filled heat storage vessel. There is nothing special here!” Eronen says, laughing.
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