Open AccessGLOBAL ENERGY SECURITY IN THE 21ST CENTURY
Author(s) -
Τερέζα Φωκιανού
Publication year - 2004
Publication title -
deltio tīs ellīnikīs geōlogikīs etaireias/deltio tīs ellīnikīs geōlogikīs etaireias
Language(s) - English
Resource type - Journals
eISSN - 2529-1718
pISSN - 0438-9557
DOI - 10.12681/bgsg.16645
Subject(s) - fossil fuel , natural resource economics , economic shortage , coal , energy security , electricity , natural gas , oil and natural gas , environmental impact of the energy industry , economics , business , energy policy , renewable energy , waste management , engineering , linguistics , philosophy , electrical engineering , government (linguistics)
There is no doubt that the world's need for oil and gas will continue to increase for the next two decates. In 2000 fossil fuels supplied 90% of global energy, with crude oil accounting 40% of the total, natural gas 25%, coal 25%,nuclear energy 7% and hydro-electricity 3%.But fossil fuels are exhaustible resources. Energy experts believe that the future global oil supplies will meet demand until global oil production has peaked between 2005 and 2013 causing a serious energy shortage 4 to 5 years later this. Globa1 community has to be prepared to face the coming energy crisis. Perhaps, under a global scenario of rising prices, a new stable energy mix could be achieved with massive conservation, alternative fuels and energy efficiency improvements