Global energy demand is expected to rise sixty-five percent by 2040 in comparison to 2010. Therefore, there is expected to be a great demand for electricity and a great demand from the transportation sector.
It is estimated that there will be an additional 2 billion people worldwide by 2040. With more people there will be the demand for more energy. Natural gas and electricity are estimated to account for more than 60% of the world’s residential/commercial energy demand by 2040.
So what are some of the countries outside the US region doing when it comes to energy policies and development?
China produces most electricity (in absolute terms) from renewal sources, Iceland gets the largest percentage of its electricity from renewable sources, and the country with the most solar-powered capacity is Germany, according to the Wall Street Journal.
When it comes to global trade, the energy exports and imports have historically been a vital part, in fact for more than a century. Countries rely on the trade of oil, coal, natural gas, chemicals.
P. R. China is moving ahead of the US as a purchaser of Middle Eastern oil. At the same time the US is moving ahead to be the largest combined producer of oil and natural gas surpassing Russia.
A part of the world greatly needing economic success is Africa. In fact, according to Foreign Affairs magazine, “new sources of oil and gas could inject close to $3 trillion into the economies of some of Africa’s poorest and least developed nations”.
It was not too long ago the T. Boone Pickens stated, “we are now spending half a trillion dollars on foreign oil, importing 62 percent of the oil we use, and we haven’t had the leadership in DC to do anything about it. We’ve got to move to other sources of energy. But we’ve gotten way behind, and will continue to pay the fiddler.” Though this statement was addressed to the US citizen, the question about addressing energy policy is at the forefront of every country that is planning for economic growth and security.
India is continuing its frantic quest for energy. A friendly environment for oil and gas ventures remains when it comes to local exploration. India is still far behind where it needs to be to achieve energy independence which is the country’s goal.
In 2010 India consumed 3.2 million barrels of oil per day. The nation’s resource base is substantial, but the country relies on imports for most of its energy use. The Oil and Gas Journal reports that as of January 20111 India had approximately 5.7 billion barrels of proven oil reserves, the second-largest amount in the Asia-Pacific region after China.
Despite this position, India was the world’s fifth largest net importer of oil in 2010 with more than 2.2 million barrels per day, or about 70 percent of it consumption imported from the Middle East.
There is the world’s quest for energy. And America needs to Lead: America Needs America’s Energy!
Together we can create the People’s Energy Plan! Go to www.peoplesenergyplan.com to join the effort. Facebook: America Needs America’s Energy with 7000 supporters plus and growing. — America Needs America’s Energy: Creating Together the People’s Energy Plan!