While oil and natural gas consumption has remained steady, production has declined.
The U.S. Energy Information Agency (EIA) estimates that natural gas consumption for power generation will be 83% higher in 2030 compared to 2009.
FORBES: Buffett Won't Dig Deeper Into Coal, Should Be Like Boone And Go For Gas
Israeli natural gas consumption currently equals roughly 200 billion cubic feet per year, measured against the aforementioned 26 trillion cubic feet of proven resource.
FORBES: Israel's Strategic Energy Opportunity Calls For Exports
With 3.2 million rigs driving the interstates and consuming 25 billion gallons of diesel annually, these developments could have strong implications for natural gas consumption.
Natural gas consumption will rise more rapidly than the 1.6% annual gain in energy demand for the next 25 years, according to the Energy Information Administration.
The International Energy Agency (IEA) estimates that natural gas consumption for power generation will increase by 20% by 2050 and consumption of coal will decline.
FORBES: Buffett Won't Dig Deeper Into Coal, Should Be Like Boone And Go For Gas
Japan imports nearly all of its oil and natural gas consumption, and the earthquake, having wreaked havoc on select nuclear power facilities, will likely result in a sustained change in the composition of Japanese energy demand, including an increased demand for oil and some refined products.
Although the amount of gas used to generate electricity rose 82% between 1997 and 2010, increasing efficiency in appliances that use natural gas has led to declining consumption of gas per customer over time.
Receiving the most buzz however seemed to be the GE Nucleus, a home energy monitoring system that uses Brillion Technology to work with smart meters and help homeowners manage electricity consumption (and eventually water, natural gas, and renewable energy consumption after software upgrades).
The benefits of the shale gas explosion include the newfound abundant supply which will provide more than enough natural gas to meet U.S domestic consumption needs and provide an expectation for relatively low natural gas prices in the future.
FORBES: Surprise Side Effect Of Shale Gas Boom: A Plunge In U.S. Greenhouse Gas Emissions
After the nasty price shocks and shortages in the 1970s, U.S. industrial consumption of natural gas plunged by 30%.
Recently, though, low natural gas prices and reduced electricity consumption due to the recession have dampened demand for wind.
The idea of applying these fracing techniques to Europe is appealing, especially in Eastern and Central Europe, where the former Soviet bloc countries still largely depend on imported natural gas from Russia for domestic consumption.
In the case of the Siberian gas pipeline project, Moscow was well aware of the inordinate West European dependency on Soviet natural gas supplies -- ultimately projected to exceed 60% of total European gas consumption -- which would have resulted from the successful completion of both strands of the twin 3, 600-mile pipelines connected to the West European gas grid.
CENTERFORSECURITYPOLICY: CUBA AND THE JURAGUA NUCLEAR POWER COMPLEX
These rapid U.S. declines may be short-lived, as natural-gas prices rise and utilities increase coal consumption.
WSJ: Rise in U.S. Gas Production Fuels Unexpected Plunge in Emissions
Environmentally, Europe will become a "green" hero--because lower economic growth means a natural reduction in energy consumption and dreaded greenhouse gas emissions.
Unlike traditional "centralized" systems, distributed energy relies on small power-generating technologies like solar panels or ultra-efficient natural-gas turbines built near the point of energy consumption to supplement or displace grid-distributed electricity.
Federal acreage onshore and offshore holds more than 2, 000 trillion cubic feet of natural gas (about 75 years worth of current domestic consumption) and 229 billion barrels of oil (about 50 years worth).
There's the slick salesman who needs billions of dollars in capital and technical know-how from the outside in order to exploit a quadrillion cubic feet of proven natural gas reserves (50 years' U.S. consumption) and 300, 000 miles of pipeline crisscrossing Russia from the Baltic border east to Tomsk in Siberia and from Uzbekistan north toward the Arctic Circle.
Global production of natural gas in 2009 was nearly 3 trillion cubic meters while the consumption was nearly 2.9 trillion cubic meters.
But he is able to show support for increased natural gas usage as it has wider appeal and it would displace coal consumption.
For the first time since 1982, overall world energy demand fell. (The drop in natural gas use set a record.) In China, however, consumption is way up.
Many coal companies such as Alpha Natural Resources and Peabody Energy Corporation are mulling over the fate of coal as consumption has continued to decline in the U.S.. Natural gas has undoubtedly given coal companies a run for their money since prices began to slide last year.
FORBES: Can Coal Exports Markets Make Up For Domestic Coal's Plunge?
From 2007 to 2012, natural gas use grew from 23.4% to 27.2% while renewable energy consumption rose from 6.4% to 9.4%, according to a report released on Thursday.
FORBES: Report: Clean Power Is Moving (Gradually) Into Americans' Homes
He noted coal consumption, mostly used for electricity generation, has fallen 10%, while natural gas usage is up 25%.
FORBES: INTERVIEW: Cranberry Capital's Van Eeden Bullish On U.S., Crude Oil Price, Not Gold
In the U.S., Peabody sees coal coming back strong, with consumption expected to rise by more than 40 million tons next year as high natural gas prices translate into greater coal-based generation.
FORBES: I Like Coal: Peabody Ultra-Bullish On Coal As Natural Gas Prices Double
Presently, natural gas used as transportation fuel constitutes only about 0.1 % of total U.S. consumption.
FORBES: Tough Trucking For Natural Gas Vehicles: Can They Make It In The Long Haul?
Demand for natural gas is set to rise in the U.S. as power plants and the industrial sector increase their consumption of the fuel.
FORBES: Kinder Morgan Doubles Down On Shale With Copano Acquisition
应用推荐