By Eric Spiegel, Neil McArthur, Rob Norton
Transportation gas and electrical strength costs, strength safety, and weather switch were on each enterprise leader’s brain. fresh shifts in clinical wisdom, public expertise, and political will are inflicting governments to take significant regulatory and legislative motion. And multinational agencies are factoring new realities and uncertainties into their thoughts and operations. power Shift: Game-Changing techniques for Fueling the longer term is a one-stop source for busy executives and senior policymakers who want a trustworthy, available advisor to the large procedure questions surrounding strength. Supported by way of the most recent reviews, articles, and study performed by means of Booz & corporation, power Shift is a visible consultant that places the main up to date info at the way forward for power in a convenient, easy-to-use structure. It offers crucial wisdom at the forces shaping the strength undefined, along sensible suggestion for making the tricky judgements that leaders in all walks of existence will face. strength Shift is helping you distinguish media-driven myths and misconceptions from the particular results the strength main issue may have on numerous companies and organizations—from the smallest neighborhood company to the biggest multinational. also, this forward-thinking instruction manual discusses the recent possibilities that may come up for traders, agencies, and governments in such parts as Oil Coal traditional fuel Nuclear power Transportation possible choices, together with biofuels, electrical energy, and hydrogen Renewable power assets, together with wind, sun, geothermal, and biomass Carbon relief via 2030, the best way the area makes use of strength might be vastly remodeled, and alongside the best way there can be daunting demanding situations and considerable possibilities. the main savvy company leaders could be those already ready to behave, now not react, utilizing the knowledge present in power Shift.
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Additional info for Energy Shift: Game-Changing Options for Fueling the Future (Future of Business Series)
This reflects the depletion of reserves in many non-OPEC regions. The output from Alaska’s largest field, Prudhoe Bay, for example, has fallen by more than twothirds from its peak in the 1980s. Norway’s production is more than a quarter below its peak in 2001, and other North Sea oil fields are also in steady decline. In Mexico, production at Pemex, the state-owned oil firm, has fallen 15 percent since its peak in 2004. Worldwide, fewer giant oil fields have been discovered and brought online since 2000 than in any decade since the early twentieth century.
Demand increases as incomes rise, but not as much as it would increase in developing nations, since much of the money spent on energy-consuming goods (such as appliances) simply replaces older goods with new ones (that are often more energy-efficient). Similarly, per capita petroleum use changes very little as incomes grow in the advanced industrial economies of Europe. Overall, economies become generally less “energy intense” as they grow and mature, using less energy per unit of GDP. 8 percent per year—is offset by faster growth rates in developing countries.
Source: IHS of that capacity over the next several years will be provided by Saudi Arabia. As a result, it seems likely that oil-importing nations will become increasingly dependent on OPEC to meet future demand. In 2005, OPEC accounted for 42 percent of world oil production; by 2030,as non-OPEC reserve growth slows, forecasts by the International Energy Agency (IEA) show that OPEC will be called upon to supply half of world production. One consequence of this concentration of supplies is that prices are likely to stay both higher and more volatile than in the past; another is that key oil supplies will 43 ENERGY SHIFT be increasingly concentrated in regions where political stability is seen as questionable, heightening fears about energy security in some oil-importing nations.