Mamdouh salameh economist smith
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Investor sentiment and the price of oil
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Abstract
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
Article Details
- How to Cite
Φωκιανού Τ. (2004). GLOBAL ENERGY SECURITY IN THE 21ST CENTURY. Bulletin of the Geological Society of Greece, 36(1), 283–291. https://doi.org/10.12681/bgsg.16645
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Subject Area: Banking, Economics & Finance
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