Increasing global demand for energy: Challenges and opportunities

The energy crisis has started and the world is about to go through a profound and wrenching change.

We face an energy crisis never before confronted in human history . Energy for transportation , manufacturing and everyday living will have to come from other sources than the one we use now , most likely less efficient sources. That beautiful black liquid with the fantastic power / mass ratio that was the base building block of our civilization is going to hit its mid point , global peak oil , and then slid into permanent decline and we will be forced to make major changes in our way of living . Population goes up , the oil supply goes down . Year after year , decade after decade, demand and population increase, supplies of oil decrease. Until all the oil is gone.


It has been reported that the Energy Information Administration (EIA) estimate that between 2003 and 2030, the world will in crease its use of energy by 71 per cent.

Growth in energy demand will be particularly strong in both the developed and the developing world – including countries such as Korea, China ,India and several other countries around the world . Demand growth in the developing countries of Asia alone is forecast to grow at four per cent relative to the global average of about 2. 5 per cent.

This trend is likely to sustain the current high oil and gas prices.

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