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Posted on 02/07/2012 8:08:48 AM PST by Hojczyk
According to the company, carbon emissions will increase 28 percent by 2030, a dire forecast for those trying to reverse the effects of climate change. Moreover, renewable energy sources — such as wind and solar — will contribute less than 10 percent of global energy output in the coming years despite growing at least eight percent a year between now and 2030.
The growth in emerging economies like China and Brazil will lead to a 39 percent increase in global energy demand by 2030, BP forecasts. China will become increasingly reliant on foreign oil, importing as much as 80 percent of its oil needs in the next 20 years. But it would be second to Europe, which is expected to import 94 percent of its oil and 80 percent of the natural gas it consumes. India could very likely take in 91 percent of its crude oil from abroad.
Daniel Yergin, the Pulitzer-prize winning author of "The Prize" whose new book "The Quest" explores energy security, renewable sources and the world's shrinking oil supply, says the North American energy production revolution taking place could alter the marketplace forever.
"You've got a Western Hemisphere that by 2030 may not be importing any oil from the Eastern Hemisphere," Yergin tells The Daily Ticker's Aaron Task in the above video.
Yergin says even as the U.S. and other North American countries reduce their imports of oil and become more energy efficient, countries like China and India are consuming more energy as their citizens enter the working class and can afford Western luxuries like a personal car.
(Excerpt) Read more at finance.yahoo.com ...
BP - British Petroleum
seems foreign to me.
Ping.
No foreign oil? Are they going ot convert my pick-up over to pixie dust and fairie farts?
If we start producing our own gas and oil, it will leave more for the rest of the world. There is no need to import.....other than to prop up the Middle East and that’s not our responsibility.
Only if we are free of Obama in 2030
Sorry, ignore #2.
Whenever you hear ‘the world’s shrinking oil supply’, be weary.
The thing that shrinks world’s oil supply is most likely wars. The estimate of the world’s oil supply is usually not strictly scientific.
So much for “Peak Oil”. Secondary recovery, horizontal drilling, fracking, oil shale, oil sands and deep offshore drilling are all the worst nightmare of our Green Reds. Plus and energy independent western hemisphere.
Unfortunately, all those things you list require a high product price to be economic. So, we may have an abundance of oil but it will be north of $100 a barrel.
Not if Osama bin Lyin’ can help it.
Sure, we’ll be free of “foreign” oil because we’ll be assimilated into one big Muslim empire by then.
People living in energy efficient Obamavilles won't be using foreign oil.
Or domestic oil. Or natural gas. Or coal. Or electric. Or running water.
BP is predicting that we will annex Canada?
Processed pixie dust and fairy farts used on stove.
Pixie dust and fairy farts combine in the wild
Pixie dust and fairy farts extracted in Texas. Note the Republic of Texas errr ummm I mean the State of Texas flag on top of the rig. 
Honda makes one that runs on Pixie Dust and Fairy Farts.
One of these days they'll produce enough of these things to make it economically viable. Right now, I'd have to drive over 130k miles before you break even on the price difference of the vehicle and the cost of fuel savings from Gasoline to NG. The converted vehicles don't run as well because they weren't designed to run on NG and their tanks take up the trunk. That makes a big difference in vehicle performance.
Coal Gasification?
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