Jason Barton

Professional Information and Energy News

China, Oil Will Dominate Energy Matrix for Decades

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These are predictable, and not necessarily disappointing. Petroleum is an abundant (for now) and relatively inexpensive energy resource. China is also leading the charge in research and development of clean, renewable energy technologies.

Our best bets here in the U.S. are to increase our efforts in energy innovation so that we can maintain our current position as global leaders in such positive and economically advantageous efforts. Foremost among these objectives should be increasing our efficiency, especially in transportation. This will give us a competitive edge as we are less dependent on imported petroleum, improving our balance of trade as well as environmental health, and will ensure that petroleum is available for generations to come.

A final point on petroleum, as we saw this past summer, is that more and more of petroleum reserves are in places that are difficult to access safely. As we reduce our dependence, we allow time for further innovation, meaning the technologies to access those reserves are less expensive and more reliable.

Energy in 2035: China and oil dominate

By Aaron Smith, staff writerNovember 9, 2010: 8:05 AM ET

NEW YORK (CNNMoney.com) — China will continue lead the charge as the No. 1 energy consumer over the next quarter-century, and oil will remain the dominant fuel despite huge investment in alternatives, according to a International Energy Agency report released Tuesday.

The agency forecasts that China’s demand will soar by 75% between 2008 and 2035, compared to an overall surge of 36% in international energy use. While Americans still lead the world in per capita energy use, China overtook the United States last year as the primary energy user.

Read the entire article here.