World energy perspective
Wallace R. Gambill
Abstract
Open-access reader
Wallace R. Gambill
Abstract
Open-access reader
Projections of global total energy and electrical energy consumption rates based on Stewart's model of cycle-adjusted-logistic growth are presented and discussed. Time intervals required for supply and demand in the US fluid fuels sector to balance are estimated. The provisional global energy projection for the coming decade is one of low growth rates accompanied by economic adjustments and difficulties and falling energy prices. The projection for the first quarter of the twenty-first century reflects a cyclic reversal to sharply increased economic activity, energy demands, fuel prices, and pressure on the technological sector to provide an adequate energy supply. Implications for the developing nations and for the US and world economies are briefly addressed.
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Projections of global total energy and electrical energy consumption rates based on Stewart's model of cycle-adjusted-logistic growth are presented and discussed. Time intervals required for supply and demand in the US fluid fuels sector to balance are estimated. The provisional global energy projection for the coming decade is one of low growth rates accompanied by economic adjustments and difficulties and falling energy prices. The projection for the first quarter of the twenty-first century reflects a cyclic reversal to sharply increased economic activity, energy demands, fuel prices, and pressure on the technological sector to provide an adequate energy supply. Implications for the developing nations and for the US and world economies are briefly addressed.
Key concepts: Quarter (Canadian coin), Falling (accident), Economics, Energy consumption, Energy supply, Consumption (sociology), Energy (signal processing), Energy balance