POLI-1007EL Study Guide - Quiz Guide: World Energy Outlook, List Of Association Football Teams To Have Won Four Or More Trophies In One Season, Unconventional Oil
4 Jul 2020
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Document Summary
Many of the long-held tenets of the energy sector are being rewritten. Major importers are becoming exporters, while countries long-defined as major energy exporters are also becoming leading centres of global demand growth. The rise of unconventional oil and gas and of renewables is transforming our understanding of the distribution of the world"s energy resources. Awareness of the dynamics underpinning energy markets is essential for decision-makers attempting to reconcile economic, energy and environmental objectives. The centre of gravity of energy demand is switching decisively to the emerging economies, particularly china, india and the middle east, which drive global energy use one-third higher. China is about to become the largest oil-importing country, while. India becomes the largest importer of coal by the early 2020s. Southeast asia likewise is emerging as an expanding demand centre. The us moves steadily towards meeting all of its energy needs from domestic resources by 2035.
