The Populatin and Growth in Energy

In the 20th century we had rapid growth in the population, the economy and in technology. Presently in the 21st century we are advancing much faster and the world is consuming much more energy than ever. Historically this means that in the near future we will be consuming even more energy.
The demand may be coming from the growth in our population. Places like China and India are expected to grow by more than twenty percent in the next twenty years. Our standard of living may increase over time and it is becoming easier for people to purchase items that will be using some sort of energy. As countries become wealthier over time their use of energy goes up.
In the past people would burn wood for heating and cooking. Today most of the population has turned to the more conventional method of turning on the oil furnace that is already provided in the home for the consumer. Refrigerators and stoves are affordable enough to the average shopper so most have them and use them everyday.
In many Asian cities the bicycle is no longer the transportation of choice. Automobiles have replaced them making the city and surrounding areas easier to navigate towards. This makes employment easier to get to and allows more people to go further away from home to work.
In our neighborhoods houses are getting bigger and many homes are now wired with audio and computer equipment. Many homes one if not more than one television in them.
Fossil fuels presently supply most of the earth’s energy. Oil and gas are now providing about half the world’s energy. Along with coal, gas and oil may continue to be the major source of energy well into the 21st century.
Energy companies are now using new technologies to extract oil and gas from existing reservoirs. Some offshore technologies are helping companies to locate and extract oil and gas in the bottom of the ocean. The thought of extracting oil and gas from the bottom of the ocean was not considered an option in recent years. Where the cost factor seemed to be prohibiting them from going forward with the extraction it now seems to be feasible.
Fossil fuels are now found in different forms also. From the hydrocarbons that are found in the oil sands of Saudi Arabia to shale. The demand for natural gas may increase about 2.8% within the next twenty years.
The energy sector may need to optimize the development and use of all sources of energy while they are meeting the globes growing energy demands. Companies like Triple Diamond Oil are trying to do just that.


About the Author: Bob Jent is the president of TripleDiamondEnergy.