The global energy industry has seen a paradigm shift in terms of reconciling the dynamics of finite oil resources, spiraling energy demand, and the complex geopolitical currents within which oil and gas production strategies are determined. Now Energy Business Reports brings you the latest happenings in the global energy market.
Since 1973, the rate of increase in the global use of energy has reverted back to its long-term 1860-1945 trend of only about two percent per annum, compared with the +5 percent per year growth rate which occurred from 1945-1973. The probability of a future return to the latter 28 year much higher annual rate of growth is now close to zero, given that it reflected an inherently temporary combination of a set of conditions which cannot reoccur. Thus, a realistic consideration of long-term energy supply requirements has now to be orientated to a modest growth rate in use, even without taking into account the impact on non-renewable energy consumption of the recently enhanced concern for environmental questions and the now accelerating pace of growth in the use of renewable energies, emanating from rapidly evolving technologies of direct and indirect solar energy production.
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Regularly recurring fears of impending scarcity of non-renewable energy have, as previously shown, all proved to be groundless. Nevertheless, the issue of the world's potential supplies of coal, oil and natural gas seems to remain one of concern, reflecting humankind's continuing over-whelming dependence on them for its energy needs. This concern is, however, misplaced in the light of recent important changes on both the supply and demand sides of the global energy market.
Unless and until the governments and peoples of the world not only accept the desirability of a much faster switch to renewable energy, but also take the necessary steps to implement the change, global energy use in the 21st century will remain heavily orientated to a combination of coal, oil and natural gas. As there are, to date, no serious signs of these conditions for change being met, global energy markets can be predicated to remain dominated by non-renewable resources for decades into the future.
Around the world, energy and utility companies face less state control and are slowly moving towards a free market. In the energy sector this process has taken shape; the waste-disposal industry is in a transition phase, and water companies are just at the dawn of this maturation. The strain caused by this transformation is enormous and affects all areas: finance, performance, administrative regulations, tax, and marketing and information technology. Within a short time companies are preparing themselves for a worldwide market because a decontrolled utility market is a global game.
The rapidly increasing energy consumption level in the developing world is going to be the key growth driver for the global energy market. Energy demand in the developing countries of Asia, which includes China and India, is expected to increase by more than 100% by 2025. The industrialized world is expected to register a much slower growth rate of energy consumption due to its more mature market and energy-efficient industrial operations.
The Global Energy Industry Analysis and Trends report analyzes the production and consumption trends in various segments of the global energy market. It highlights the issues surrounding the industry and also discusses the major regional markets. Energy markets analyzed in the report include oil, coal, natural gas, electricity, nuclear power, and hydroelectricity. Regions analyzed include Asia, United States, Canada, Western Europe, Central & South America, and of course, the Middle East.
About the Publisher: This report is published by Energy Business Reports (http://www.EnergyBusinessReports.com), an energy industry think tank and leading source for energy industry information and research products. Energy Business Reports publishes and markets leading-edge industry reports in all sectors of the energy markets.
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About the Press Release
A new report from Energy Business Reports explores the global energy industry.
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